Radian Group Inc. $RDN Stock Holdings Boosted by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its position in shares of Radian Group Inc. (NYSE:RDN) by 331.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,867 shares of the insurance provider’s stock after acquiring an additional 72,867 shares during the period. Jefferies Financial Group Inc.’s holdings in Radian Group were worth $3,414,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RDN. Jones Financial Companies Lllp grew its position in shares of Radian Group by 14.8% during the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after acquiring an additional 357 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 572 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Radian Group by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 901 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Radian Group during the second quarter worth about $239,000. Finally, Marshall Wace LLP bought a new position in shares of Radian Group during the second quarter worth about $452,000. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In other Radian Group news, Chairman Howard Bernard Culang sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.20, for a total value of $181,000.00. Following the completion of the sale, the chairman directly owned 11,662 shares of the company’s stock, valued at approximately $422,164.40. This represents a 30.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Noel Joseph Spiegel sold 4,834 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.19, for a total transaction of $174,942.46. Following the completion of the sale, the director directly owned 20,008 shares of the company’s stock, valued at $724,089.52. The trade was a 19.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 69,834 shares of company stock valued at $2,545,942. 2.03% of the stock is owned by insiders.

Radian Group Stock Performance

Shares of RDN opened at $35.78 on Wednesday. The firm has a 50-day moving average price of $35.06 and a 200 day moving average price of $34.73. The firm has a market capitalization of $4.76 billion, a PE ratio of 8.81, a P/E/G ratio of 0.90 and a beta of 0.76. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. Radian Group Inc. has a 52-week low of $31.50 and a 52-week high of $38.84.

Radian Group (NYSE:RDN) last announced its earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $466.34 million during the quarter, compared to analyst estimates of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. Radian Group’s revenue was up 46.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. On average, sell-side analysts anticipate that Radian Group Inc. will post 5.23 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 2nd. Radian Group’s dividend payout ratio is presently 25.12%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RDN. Barclays increased their target price on shares of Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Royal Bank Of Canada began coverage on shares of Radian Group in a research report on Friday. They issued 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 increased their target price for the company from $35.00 to $43.00 in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods increased their target price on shares of Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, April 10th. Finally, Zacks Research lowered shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.67.

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.