Elo Mutual Pension Insurance Co Takes $332,000 Position in Radian Group Inc. (NYSE:RDN)

Elo Mutual Pension Insurance Co purchased a new position in Radian Group Inc. (NYSE:RDN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,462 shares of the insurance provider’s stock, valued at approximately $332,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its holdings in shares of Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after buying an additional 342 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 485 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 1,320 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 2,119 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 528 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RDN shares. Keefe, Bruyette & Woods reduced their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. UBS Group lifted their price target on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.80.

Radian Group Stock Performance

Shares of RDN opened at $32.83 on Monday. Radian Group Inc. has a 12 month low of $29.17 and a 12 month high of $37.86. The business’s fifty day simple moving average is $32.70 and its two-hundred day simple moving average is $33.43. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were given a dividend of $0.255 per share. This is an increase from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.11%. Radian Group’s dividend payout ratio is 25.95%.

Insider Buying and Selling

In other news, Director Gregory Serio sold 4,100 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now directly owns 344 shares of the company’s stock, valued at $11,231.60. This represents a 92.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.16% of the stock is currently owned by corporate insiders.

About Radian Group

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.