Healthcare of Ontario Pension Plan Trust Fund Takes Position in Radian Group Inc. (NYSE:RDN)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Radian Group Inc. (NYSE:RDN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 201,700 shares of the insurance provider’s stock, valued at approximately $6,273,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.13% of Radian Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of RDN. Vest Financial LLC lifted its position in shares of Radian Group by 6,836.0% during the 1st quarter. Vest Financial LLC now owns 585,886 shares of the insurance provider’s stock valued at $19,610,000 after acquiring an additional 577,439 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Radian Group by 460.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 660,693 shares of the insurance provider’s stock valued at $20,548,000 after acquiring an additional 542,801 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Radian Group by 18.2% during the 2nd quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock valued at $88,136,000 after acquiring an additional 435,751 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Radian Group by 29.2% in the fourth quarter. First Trust Advisors LP now owns 1,192,595 shares of the insurance provider’s stock valued at $34,049,000 after purchasing an additional 269,209 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Radian Group in the second quarter valued at $6,907,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In other news, CAO Robert Quigley sold 7,500 shares of Radian Group stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the sale, the chief accounting officer now directly owns 48,392 shares of the company’s stock, valued at approximately $1,725,174.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Sumita Pandit sold 3,817 shares of Radian Group 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robert Quigley sold 7,500 shares of Radian Group stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total value of $267,375.00. Following the sale, the chief accounting officer now directly owns 48,392 shares of the company’s stock, valued at approximately $1,725,174.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays increased 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 objective on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada increased their price objective on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods increased 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. 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, the company presently has an average rating of “Hold” and an average target price of $35.90.

Radian Group Stock Performance

RDN opened at $34.81 on Friday. The firm has a market capitalization of $5.24 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. The stock’s 50 day moving average price is $35.02 and its two-hundred day moving average price is $32.79. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. Radian Group Inc. has a 12-month low of $24.62 and a 12-month high of $37.86.

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

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were given a $0.245 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.82%. Radian Group’s dividend payout ratio is currently 25.93%.

Radian Group Company 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.