Caisse DE Depot ET Placement DU Quebec Purchases New Shares in Radian Group Inc. (NYSE:RDN)

Caisse DE Depot ET Placement DU Quebec purchased a new position in Radian Group Inc. (NYSE:RDN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 50,000 shares of the insurance provider’s stock, valued at approximately $1,734,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Radian Group in the 3rd quarter valued at approximately $27,000. Fifth Third Bancorp boosted its stake in Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 1,160 shares during the last quarter. CWM LLC grew its holdings in Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 1,679 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Radian Group by 37.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after purchasing an additional 611 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 1,949 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insiders Place Their Bets

In other news, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the transaction, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. This represents a 15.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.16% of the stock is owned by corporate insiders.

Radian Group Trading Down 0.6 %

Radian Group stock opened at $35.54 on Wednesday. Radian Group Inc. has a 1 year low of $24.92 and a 1 year high of $37.86. The firm’s 50-day moving average is $34.48 and its 200-day moving average is $33.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $5.29 billion, a P/E ratio of 9.21, a PEG ratio of 1.79 and a beta of 1.04.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The firm had revenue of $319.05 million for the quarter, compared to analysts’ expectations of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. On average, equities analysts expect that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.76%. Radian Group’s payout ratio is currently 25.39%.

Analyst Upgrades and Downgrades

Separately, Barclays lifted their price target on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.10.

Radian Group Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.