6,369 Shares in Radian Group Inc. $RDN Acquired by Paulson Wealth Management Inc.

Paulson Wealth Management Inc. bought a new stake in Radian Group Inc. (NYSE:RDN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,369 shares of the insurance provider’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Teacher Retirement System of Texas lifted its stake in shares of Radian Group by 5.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 41,563 shares of the insurance provider’s stock valued at $1,497,000 after acquiring an additional 2,031 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Radian Group by 572.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 136,065 shares of the insurance provider’s stock worth $4,901,000 after purchasing an additional 115,826 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Radian Group by 337.1% during the second quarter. AlphaQuest LLC now owns 69,523 shares of the insurance provider’s stock valued at $2,504,000 after purchasing an additional 53,619 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Radian Group during the second quarter worth about $69,714,000. Finally, Nordea Investment Management AB raised its holdings in Radian Group by 0.3% in the 2nd quarter. Nordea Investment Management AB now owns 199,681 shares of the insurance provider’s stock valued at $7,153,000 after buying an additional 533 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RDN. UBS Group dropped their price target on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Weiss Ratings lowered shares of Radian Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Finally, Barclays increased their price objective on shares of Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Radian Group currently has an average rating of “Hold” and a consensus target price of $38.00.

Radian Group Price Performance

Radian Group stock opened at $33.89 on Friday. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 8.54 and a beta of 0.81. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $38.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68. The stock’s 50 day moving average price is $34.73 and its two-hundred day moving average price is $34.31.

Radian Group (NYSE:RDN) last released its earnings results on Tuesday, November 4th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. The company had revenue of $303.19 million for the quarter, compared to the consensus estimate of $308.77 million. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. Radian Group’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. On average, equities analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, August 25th. Radian Group’s dividend payout ratio is 25.44%.

Insider Activity

In other news, EVP Edward J. Hoffman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the sale, the executive vice president directly owned 153,708 shares in the company, valued at $5,687,196. This trade represents a 6.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.01% of the stock is owned by company insiders.

Radian Group 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.