Radian Group Inc. (NYSE:RDN) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its position in Radian Group Inc. (NYSE:RDN) by 6.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 472,973 shares of the insurance provider’s stock after buying an additional 29,500 shares during the quarter. First Eagle Investment Management LLC owned about 0.31% of Radian Group worth $14,709,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of RDN. Arizona State Retirement System boosted its holdings in shares of Radian Group by 0.8% in the second quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock valued at $1,319,000 after acquiring an additional 321 shares in the last quarter. Measured Wealth Private Client Group LLC increased its position in Radian Group by 2.2% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 20,848 shares of the insurance provider’s stock worth $698,000 after purchasing an additional 453 shares during the period. Astoria Portfolio Advisors LLC. increased its position in Radian Group by 6.7% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 7,482 shares of the insurance provider’s stock worth $250,000 after purchasing an additional 470 shares during the period. Tidal Investments LLC raised its stake in shares of Radian Group by 5.2% during the 1st quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider’s stock worth $319,000 after buying an additional 474 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings 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 valued at $70,000 after buying an additional 611 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RDN. Barclays upped their price objective on Radian Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Roth Mkm increased their price target on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 2nd. UBS Group raised their price objective on shares of Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Keefe, Bruyette & Woods upped their target price on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada increased their target price on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.90.

Radian Group Trading Up 0.8 %

NYSE:RDN opened at $35.42 on Thursday. Radian Group Inc. has a 52-week low of $24.56 and a 52-week high of $37.86. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $35.04 and a 200-day simple moving average of $32.46. The company has a market capitalization of $5.33 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The company had revenue of $312.37 million during the quarter, compared to analysts’ expectations of $324.00 million. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. On average, equities research analysts expect that Radian Group Inc. will post 3.75 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group’s payout ratio is currently 25.93%.

Insider Buying and Selling at Radian Group

In other news, CFO Sumita Pandit sold 3,817 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $34.23, for a total value of $130,655.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Sumita Pandit sold 3,817 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $34.23, for a total transaction of $130,655.91. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mary Dickerson sold 19,511 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total transaction of $701,030.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is owned by insiders.

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.