Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in shares of Radian Group Inc (NYSE:RDN) by 69.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 152,900 shares of the insurance provider’s stock after acquiring an additional 62,700 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Radian Group were worth $2,501,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new stake in shares of Radian Group during the 4th quarter valued at approximately $33,000. FNY Investment Advisers LLC acquired a new stake in shares of Radian Group during the 4th quarter valued at approximately $37,000. Toronto Dominion Bank acquired a new stake in shares of Radian Group during the 4th quarter valued at approximately $52,000. Bank of Montreal Can raised its position in shares of Radian Group by 22.7% during the 4th quarter. Bank of Montreal Can now owns 8,422 shares of the insurance provider’s stock valued at $138,000 after acquiring an additional 1,557 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Radian Group during the 4th quarter valued at approximately $172,000. Institutional investors own 93.51% of the company’s stock.
RDN stock opened at $20.30 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.30. The company has a market cap of $4.34 billion, a P/E ratio of 7.55, a PEG ratio of 1.52 and a beta of 1.60. Radian Group Inc has a 12-month low of $14.06 and a 12-month high of $21.39.
The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 18th were given a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.05%. The ex-dividend date of this dividend was Thursday, February 14th. Radian Group’s dividend payout ratio is presently 0.37%.
Several equities research analysts recently issued reports on RDN shares. ValuEngine lowered Radian Group from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Barclays set a $21.00 price target on Radian Group and gave the company a “buy” rating in a research report on Friday, December 14th. Finally, Zacks Investment Research raised Radian Group from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research report on Thursday, January 17th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.50.
About Radian Group
Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.
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