Sei Investments Co. Acquires 22,566 Shares of Radian Group Inc. $RDN

Sei Investments Co. increased its stake in shares of Radian Group Inc. (NYSE:RDN) by 17.2% during the first quarter, HoldingsChannel reports. The fund owned 153,447 shares of the insurance provider’s stock after acquiring an additional 22,566 shares during the quarter. Sei Investments Co.’s holdings in Radian Group were worth $5,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 476 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Radian Group during the 4th quarter worth about $29,000. Geneos Wealth Management Inc. raised 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 valued at $29,000 after buying an additional 572 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Radian Group by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock valued at $33,000 after buying an additional 360 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Radian Group during the third quarter valued at about $34,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Price Performance

Shares of Radian Group stock opened at $39.63 on Wednesday. The firm has a market cap of $5.27 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 0.99 and a beta of 0.72. The firm’s 50-day simple moving average is $36.75 and its 200-day simple moving average is $35.18. Radian Group Inc. has a twelve month low of $31.50 and a twelve month high of $41.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The company’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. As a group, research analysts expect that Radian Group Inc. will post 5.17 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, June 2nd. Radian Group’s dividend payout ratio is currently 25.12%.

Insiders Place Their Bets

In related news, CEO Michael S. Weinbach bought 120,487 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of $33.89 per share, for a total transaction of $4,083,304.43. Following the transaction, the chief executive officer directly owned 120,487 shares of the company’s stock, valued at $4,083,304.43. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Edward J. Hoffman sold 15,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $38.00, for a total value of $570,000.00. Following the completion of the sale, the executive vice president directly owned 93,708 shares in the company, valued at approximately $3,560,904. This represents a 13.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 30,516 shares of company stock worth $1,127,576 in the last 90 days. 2.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RDN shares. Barclays lifted their target price on Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Wall Street Zen upgraded Radian Group from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America raised Radian Group from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $43.00 in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada began coverage on Radian Group in a research report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.17.

Radian Group Company 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.