Radian Group Inc. $RDN Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in Radian Group Inc. (NYSE:RDN) by 51.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,022,845 shares of the insurance provider’s stock after selling 1,063,945 shares during the period. JPMorgan Chase & Co.’s holdings in Radian Group were worth $37,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RDN. Financial Consulate Inc. purchased a new stake in shares of Radian Group in the third quarter valued at about $29,000. Bessemer Group Inc. raised its position in shares of Radian Group by 66.7% during the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 318 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Radian Group by 191.3% in the 1st 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 in the last quarter. Salomon & Ludwin LLC acquired a new stake in Radian Group during the 3rd quarter valued at $33,000. Finally, Hantz Financial Services Inc. increased its position in Radian Group by 178.2% during the third quarter. Hantz Financial Services Inc. now owns 1,224 shares of the insurance provider’s stock worth $44,000 after buying an additional 784 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Activity

In other news, EVP Eric Ray sold 13,957 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total transaction of $496,869.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.01% of the stock is owned by corporate insiders.

Radian Group Stock Down 2.4%

RDN opened at $34.47 on Friday. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $38.84. The business has a 50-day moving average of $34.20 and a two-hundred day moving average of $34.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 1.67. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 1.91 and a beta of 0.81.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, February 18th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.05. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The business had revenue of $300.51 million for the quarter, compared to analysts’ expectations of $300.45 million. During the same period last year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, February 23rd. Radian Group’s dividend payout ratio (DPR) is 24.58%.

Wall Street Analysts Forecast Growth

RDN has been the topic of several recent research reports. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $41.00 to $42.00 in a research report on Wednesday, February 11th. Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings lowered shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. Barclays set a $40.00 price target on shares of Radian Group in a report on Monday. Finally, Roth Mkm reissued a “buy” rating and set a $45.00 price objective on shares of Radian Group in a research note on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.80.

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.