Radian Group Inc. $RDN Shares Purchased by RBF Capital LLC

RBF Capital LLC grew its stake in shares of Radian Group Inc. (NYSE:RDN) by 16.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,000 shares of the insurance provider’s stock after buying an additional 20,000 shares during the quarter. RBF Capital LLC owned about 0.11% of Radian Group worth $4,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake 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 valued at $91,000 after acquiring an additional 357 shares during the period. Geneos Wealth Management Inc. lifted its position in Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Radian Group by 94.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 901 shares in the last quarter. Walleye Capital LLC bought a new position in Radian Group during the 2nd quarter valued at $239,000. Finally, Marshall Wace LLP bought a new position in Radian Group during the 2nd quarter valued at $452,000. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RDN shares. Barclays boosted their price objective on Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods raised their target price on Radian Group from $43.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Bank of America raised Radian Group from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $43.00 in a report on Wednesday, April 29th. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Royal Bank Of Canada initiated coverage on shares of Radian Group in a report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price target for the company. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Radian Group has an average rating of “Moderate Buy” and an average target price of $43.17.

Radian Group Trading Up 0.9%

Radian Group stock opened at $39.64 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 0.99 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 firm’s 50 day moving average price is $36.52 and its two-hundred day moving average price is $35.02.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $466.34 million during the quarter, compared to the consensus estimate of $377.83 million. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.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 firm earned $0.99 EPS. On average, research analysts predict that Radian Group Inc. will post 5.17 EPS for the current fiscal year.

Radian Group Dividend Announcement

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

Insider Buying and Selling at Radian Group

In related news, EVP Edward J. Hoffman sold 15,000 shares of Radian Group stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $38.00, for a total value of $570,000.00. Following the transaction, the executive vice president owned 93,708 shares of the company’s stock, valued at approximately $3,560,904. This trade represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael S. Weinbach acquired 49,513 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were bought at an average price of $34.04 per share, for a total transaction of $1,685,422.52. Following the acquisition, the chief executive officer owned 170,000 shares in the company, valued at approximately $5,786,800. This trade represents a 41.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 30,516 shares of company stock valued at $1,127,576 over the last 90 days. 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.