Fox Run Management L.L.C. Makes New $1.04 Million Investment in Radian Group Inc. $RDN

Fox Run Management L.L.C. acquired a new position in shares of Radian Group Inc. (NYSE:RDN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,008 shares of the insurance provider’s stock, valued at approximately $1,044,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Radian Group by 2.7% during the third quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock worth $589,393,000 after buying an additional 427,473 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Radian Group by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,443,201 shares of the insurance provider’s stock worth $197,155,000 after buying an additional 177,144 shares in the last quarter. American Century Companies Inc. lifted its position in Radian Group by 4.4% during the 3rd quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider’s stock worth $145,586,000 after buying an additional 171,049 shares in the last quarter. Norges Bank acquired a new position in Radian Group during the 4th quarter worth about $77,364,000. Finally, Balyasny Asset Management L.P. lifted its position in Radian Group by 151.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock worth $67,842,000 after buying an additional 1,128,852 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Insider Transactions at Radian Group

In other Radian Group news, CEO Michael S. Weinbach acquired 120,487 shares of Radian Group stock in a transaction on Monday, June 1st. The shares were purchased at an average cost of $33.89 per share, with a total value of $4,083,304.43. Following the completion of the purchase, the chief executive officer owned 120,487 shares in the company, valued at $4,083,304.43. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Noel Joseph Spiegel sold 4,834 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 20,008 shares in the company, valued at approximately $724,089.52. The trade was a 19.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 75,516 shares of company stock valued at $2,747,576. 2.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RDN has been the topic of several research reports. Barclays upped their price target on shares of Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Radian Group from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and increased their price target for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods increased their price target on shares of Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, April 10th. Finally, UBS Group decreased their price target on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.67.

Radian Group Price Performance

RDN opened at $34.24 on Wednesday. Radian Group Inc. has a one year low of $31.50 and a one year high of $38.84. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58. The company’s 50 day simple moving average is $35.30 and its 200-day simple moving average is $34.67. The stock has a market capitalization of $4.55 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 0.84 and a beta of 0.73.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The business had revenue of $466.34 million for the quarter, compared to analysts’ expectations of $377.83 million. During the same period in the prior year, the firm earned $0.99 earnings per share. Radian Group’s revenue was up 46.6% compared to the same quarter last year. Sell-side analysts anticipate that Radian Group Inc. will post 5.17 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. Radian Group’s dividend payout ratio (DPR) is presently 25.12%.

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.