Radian Group Inc. $RDN Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its position in Radian Group Inc. (NYSE:RDN) by 23.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 280,495 shares of the insurance provider’s stock after selling 86,094 shares during the quarter. Squarepoint Ops LLC’s holdings in Radian Group were worth $10,566,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in RDN. BlackRock Inc. purchased a new position in shares of Radian Group during the second quarter worth $728,072,000. Charles Schwab Investment Management Inc. grew its stake in shares of Radian Group by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,959,463 shares of the insurance provider’s stock valued at $214,481,000 after buying an additional 63,437 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Radian Group by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,948,335 shares of the insurance provider’s stock valued at $196,773,000 after buying an additional 230,912 shares during the period. California State Teachers Retirement System lifted its stake in Radian Group by 3,373.3% during the 2nd quarter. California State Teachers Retirement System now owns 5,899,951 shares of the insurance provider’s stock worth $222,251,000 after acquiring an additional 5,730,083 shares in the last quarter. Finally, Donald Smith & CO. Inc. acquired a new position in Radian Group during the 2nd quarter worth about $163,104,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Trading Down 0.4%

RDN opened at $36.22 on Friday. The business has a fifty day moving average price of $37.52 and a 200 day moving average price of $35.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $41.05. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.88 and a beta of 0.70.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). The company had revenue of $574.96 million during 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%. Radian Group’s revenue for the quarter was up 92.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. Sell-side analysts expect that Radian Group Inc. will post 4.86 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, August 24th. Radian Group’s dividend payout ratio is presently 26.22%.

Wall Street Analysts Forecast Growth

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

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.