Ellington Management Group LLC lifted its holdings in Radian Group Inc (NYSE:RDN) by 170.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 40,300 shares of the insurance provider’s stock after acquiring an additional 25,400 shares during the quarter. Ellington Management Group LLC’s holdings in Radian Group were worth $831,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bailard Inc. purchased a new position in shares of Radian Group in the 4th quarter worth approximately $433,000. Canada Pension Plan Investment Board boosted its stake in shares of Radian Group by 28.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 126,200 shares of the insurance provider’s stock worth $2,359,000 after buying an additional 28,100 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Radian Group by 57.0% in the 3rd quarter. Prudential Financial Inc. now owns 2,085,847 shares of the insurance provider’s stock worth $38,984,000 after buying an additional 757,490 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Radian Group by 45.8% in the 3rd quarter. Nordea Investment Management AB now owns 639,207 shares of the insurance provider’s stock worth $11,947,000 after buying an additional 200,673 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Radian Group by 65.9% in the 3rd quarter. Royce & Associates LP now owns 693,500 shares of the insurance provider’s stock worth $12,962,000 after buying an additional 275,500 shares during the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.
Radian Group Inc (NYSE RDN) opened at $19.94 on Tuesday. Radian Group Inc has a 12 month low of $15.58 and a 12 month high of $23.49. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $4,798.07, a P/E ratio of 36.93, a P/E/G ratio of 1.42 and a beta of 1.58.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 26th were paid a $0.0025 dividend. This is an increase from Radian Group’s previous quarterly dividend of $0.00. The ex-dividend date was Friday, February 23rd. This represents a $0.01 annualized dividend and a yield of 0.05%. Radian Group’s dividend payout ratio is presently 1.85%.
RDN has been the topic of a number of research analyst reports. Wells Fargo & Co initiated coverage on Radian Group in a research note on Tuesday, November 28th. They issued a “market perform” rating and a $22.00 target price on the stock. Zacks Investment Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research note on Thursday, January 4th. Deutsche Bank upgraded Radian Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $28.00 in a research note on Monday, January 8th. BTIG Research restated a “buy” rating and issued a $26.00 target price (up previously from $22.00) on shares of Radian Group in a research note on Wednesday, December 20th. Finally, B. Riley downgraded Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $24.68.
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Radian Group Company Profile
Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.
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