United Capital Financial Advisors LLC Invests $723,000 in Radian Group Inc. $RDN

United Capital Financial Advisors LLC 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 SEC. The institutional investor bought 19,201 shares of the insurance provider’s stock, valued at approximately $723,000.

Several other large investors have also modified their holdings of the stock. Mercer Global Advisors Inc. ADV increased its holdings in Radian Group by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock valued at $1,208,000 after buying an additional 288 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Radian Group by 26.9% during the 4th quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock worth $56,000 after buying an additional 329 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Radian Group by 14.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after buying an additional 344 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Radian Group by 6.1% in the 4th quarter. HighTower Advisors LLC now owns 6,060 shares of the insurance provider’s stock worth $218,000 after acquiring an additional 349 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Radian Group by 14.8% in the 1st 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 in the last quarter. Institutional investors own 95.33% of the company’s stock.

Radian Group Price Performance

Shares of NYSE RDN opened at $36.52 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $4.83 billion, a PE ratio of 9.39, a P/E/G ratio of 0.88 and a beta of 0.72. Radian Group Inc. has a 1-year low of $31.50 and a 1-year high of $41.05. The business’s fifty day moving average price is $37.64 and its two-hundred day moving average price is $35.65.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.20). The firm had revenue of $574.96 million for the quarter, compared to analyst estimates of $556.55 million. Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The business’s revenue was up 92.3% compared to the same quarter last year. During the same period last year, the firm posted $1.01 EPS. On average, research analysts expect that Radian Group Inc. will post 4.86 EPS for the current year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be given a $0.255 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.02 annualized dividend and a yield of 2.8%. Radian Group’s dividend payout ratio (DPR) is currently 26.22%.

Analyst Ratings Changes

RDN has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Barclays lowered their price objective on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. Royal Bank Of Canada assumed coverage on shares of Radian Group in a research note on Friday, May 22nd. They set an “outperform” rating and a $47.00 price objective on the stock. Weiss Ratings raised shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods decreased their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.17.

Insider Transactions at Radian Group

In other news, CEO Michael S. Weinbach bought 49,513 shares of Radian Group stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average cost of $34.04 per share, with a total value of $1,685,422.52. Following the purchase, the chief executive officer directly owned 170,000 shares of the company’s stock, valued at approximately $5,786,800. This trade represents a 41.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.03% of the stock is owned by insiders.

About Radian Group

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.