7,821 Shares in Radian Group Inc. (NYSE:RDN) Bought by Magnetar Financial LLC

Magnetar Financial LLC purchased a new position in Radian Group Inc. (NYSE:RDN) in the fourth quarter, Holdings Channel.com reports. The firm purchased 7,821 shares of the insurance provider’s stock, valued at approximately $248,000.

Other large investors have also made changes to their positions in the company. Picton Mahoney Asset Management raised its stake in 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 purchasing an additional 342 shares during the period. V Square Quantitative Management LLC grew its holdings in Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after buying an additional 485 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Radian Group by 124.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock valued at $75,000 after buying an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock worth $76,000 after buying an additional 2,119 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 528 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RDN has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. UBS Group boosted their target price 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.80.

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 shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, the director now owns 344 shares of the company’s stock, valued at approximately $11,231.60. This represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.16% of the stock is owned by corporate insiders.

Radian Group Stock Performance

Shares of NYSE:RDN opened at $31.97 on Monday. The firm has a fifty day simple moving average of $32.65 and a two-hundred day simple moving average of $33.50. Radian Group Inc. has a 52 week low of $29.17 and a 52 week high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $4.64 billion, a P/E ratio of 8.13, a PEG ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last released its quarterly earnings results 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%. On average, analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.19%. The ex-dividend date was Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is presently 25.95%.

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.