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, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,900 shares of the insurance provider’s stock after purchasing an additional 62,700 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.07% of Radian Group worth $2,501,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc purchased a new stake in Radian Group in the 4th quarter worth approximately $33,000. FNY Investment Advisers LLC purchased a new stake in Radian Group in the 4th quarter worth approximately $37,000. Toronto Dominion Bank purchased a new stake in Radian Group in the 4th quarter worth approximately $52,000. Bank of Montreal Can increased its holdings in Radian Group by 22.7% in the 4th quarter. Bank of Montreal Can now owns 8,422 shares of the insurance provider’s stock worth $138,000 after acquiring an additional 1,557 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Radian Group in the 4th quarter worth approximately $172,000. 94.68% of the stock is owned by hedge funds and other institutional investors.
RDN stock traded down $0.25 during midday trading on Monday, hitting $22.74. The company’s stock had a trading volume of 935,243 shares, compared to its average volume of 1,346,319. Radian Group Inc has a 12 month low of $14.06 and a 12 month high of $23.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 1.66 and a beta of 1.60.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Radian Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. ValuEngine raised shares of Radian Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.50.
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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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