Radian Group Inc. (NYSE:RDN) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Radian Group Inc. (NYSE:RDN) by 10.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 711,960 shares of the insurance provider’s stock after purchasing an additional 65,678 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Radian Group were worth $24,698,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RDN. Assenagon Asset Management S.A. increased its holdings in Radian Group by 272.8% in the third quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock valued at $28,725,000 after buying an additional 605,956 shares during the last quarter. Point72 Asset Management L.P. raised 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 worth $20,548,000 after acquiring an additional 542,801 shares in the last quarter. American Century Companies Inc. lifted its stake in Radian Group by 18.2% during the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock worth $88,136,000 after purchasing an additional 435,751 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Radian Group in the second quarter valued at approximately $6,273,000. Finally, WINTON GROUP Ltd increased its stake in Radian Group by 509.5% in the second quarter. WINTON GROUP Ltd now owns 212,295 shares of the insurance provider’s stock valued at $6,602,000 after purchasing an additional 177,466 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Royal Bank of Canada boosted their price objective on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Barclays lifted their target price on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Roth Mkm increased their price target on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Radian Group currently has a consensus rating of “Hold” and a consensus target price of $36.10.

Radian Group Stock Performance

NYSE:RDN opened at $34.96 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04. The firm’s fifty day moving average price is $34.44 and its 200 day moving average price is $33.50. Radian Group Inc. has a 1-year low of $24.92 and a 1-year high of $37.86.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The business had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. On average, sell-side analysts expect that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a $0.245 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 2.80%. Radian Group’s dividend payout ratio is currently 25.39%.

Insider Activity at Radian Group

In related news, EVP Eric Ray sold 53,791 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total value of $1,918,724.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert Quigley sold 7,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total transaction of $267,375.00. Following the transaction, the chief accounting officer now owns 48,392 shares in the company, valued at $1,725,174.80. The trade was a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 115,955 shares of company stock worth $4,130,140 over the last three months. 2.16% of the stock is currently owned by corporate insiders.

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.