Danske Bank A S Makes New $12 Million Investment in Radian Group Inc. $RDN

Danske Bank A S purchased a new position in shares of Radian Group Inc. (NYSE:RDN) during the second quarter, Holdings Channel.com reports. The fund purchased 318,500 shares of the insurance provider’s stock, valued at approximately $11,998,000.

A number of other institutional investors also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV raised its stake in shares of Radian Group by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock worth $1,208,000 after buying an additional 288 shares in the last quarter. Hantz Financial Services Inc. raised its position in Radian Group by 26.9% in the fourth quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock worth $56,000 after acquiring an additional 329 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Radian Group by 14.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after acquiring an additional 344 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Radian Group by 6.1% in the 4th quarter. HighTower Advisors LLC now owns 6,060 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 349 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Radian Group by 14.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after acquiring an additional 357 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RDN. Weiss Ratings raised shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada started coverage on shares of Radian Group in a research note on Friday, May 22nd. They set an “outperform” rating and a $47.00 target price for the company. Bank of America upgraded shares of Radian Group from an “underperform” rating to a “buy” rating and raised their target price for the stock from $35.00 to $43.00 in a report on Wednesday, April 29th. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Finally, Barclays dropped their price target on Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.17.

Radian Group Stock Up 0.8%

RDN stock opened at $36.64 on Friday. The company has a 50 day moving average of $37.41 and a two-hundred day moving average of $35.50. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.88 and a beta of 0.72. Radian Group Inc. has a 12-month low of $31.50 and a 12-month high of $41.05. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.20). Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The company had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $556.55 million. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The company’s revenue was up 92.3% on a year-over-year basis. On average, equities analysts anticipate that Radian Group Inc. will post 4.86 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.02 dividend on an annualized basis and a yield of 2.8%. Radian Group’s dividend payout ratio (DPR) is presently 26.22%.

Insider Transactions at Radian Group

In other news, Director Margaret Anne Leyden sold 2,070 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $34.59, for a total transaction of $71,601.30. Following the completion of the sale, the director directly owned 6,864 shares of the company’s stock, valued at $237,425.76. This trade represents a 23.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Noel Joseph Spiegel sold 4,834 shares of Radian Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.19, for a total value of $174,942.46. Following the sale, the director owned 20,008 shares of the company’s stock, valued at approximately $724,089.52. This represents a 19.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 15,517 shares of company stock worth $557,610. 2.03% of the stock is owned by company insiders.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.