Alps Advisors Inc. Acquires 208,181 Shares of Radian Group Inc. $RDN

Alps Advisors Inc. lifted its stake in Radian Group Inc. (NYSE:RDN) by 57.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 571,588 shares of the insurance provider’s stock after purchasing an additional 208,181 shares during the quarter. Alps Advisors Inc.’s holdings in Radian Group were worth $20,703,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Radian Group by 5.2% during the 2nd quarter. American Century Companies Inc. now owns 3,848,434 shares of the insurance provider’s stock worth $138,621,000 after acquiring an additional 190,184 shares during the period. Norges Bank bought a new position in shares of Radian Group in the second quarter worth $85,785,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Radian Group in the second quarter valued at about $69,714,000. Allianz Asset Management GmbH lifted its position in Radian Group by 1.8% during the third quarter. Allianz Asset Management GmbH now owns 989,839 shares of the insurance provider’s stock worth $35,852,000 after purchasing an additional 17,863 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Radian Group by 1.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 897,223 shares of the insurance provider’s stock worth $31,098,000 after purchasing an additional 9,349 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

RDN has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. UBS Group decreased their price objective on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Roth Mkm reaffirmed a “buy” rating and issued a $45.00 target price on shares of Radian Group in a report on Friday, January 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on Radian Group from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Radian Group currently has an average rating of “Hold” and an average price target of $40.00.

Insider Buying and Selling

In other Radian Group news, EVP Eric Ray sold 13,957 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.01% of the company’s stock.

Radian Group Stock Performance

NYSE RDN opened at $33.55 on Monday. The firm’s fifty day moving average price is $34.80 and its two-hundred day moving average price is $34.70. The stock has a market cap of $4.55 billion, a PE ratio of 8.37 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, November 24th. Radian Group’s dividend payout ratio is presently 25.44%.

Radian Group Profile

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.