Radian Group Inc. (NYSE:RDN) Shares Bought by Seven Eight Capital LP

Seven Eight Capital LP boosted its position in shares of Radian Group Inc. (NYSE:RDNFree Report) by 147.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 23,132 shares of the insurance provider’s stock after acquiring an additional 13,784 shares during the quarter. Seven Eight Capital LP’s holdings in Radian Group were worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDN. Hexagon Capital Partners LLC raised its stake in shares of Radian Group by 145.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock valued at $27,000 after buying an additional 557 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Radian Group during the 4th quarter valued at about $46,000. AXS Investments LLC purchased a new position in shares of Radian Group during the 4th quarter valued at about $66,000. GAMMA Investing LLC purchased a new position in shares of Radian Group during the 4th quarter valued at about $101,000. Finally, International Assets Investment Management LLC raised its stake in shares of Radian Group by 923.0% during the 4th quarter. International Assets Investment Management LLC now owns 5,258 shares of the insurance provider’s stock valued at $150,000 after buying an additional 4,744 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analysts Set New Price Targets

RDN has been the subject of a number of recent research reports. UBS Group lifted their price objective on Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $35.00 to $36.00 in a research note on Monday, June 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Radian Group presently has an average rating of “Hold” and a consensus price target of $31.13.

Check Out Our Latest Report on RDN

Insider Buying and Selling

In related news, EVP Eric Ray sold 65,305 shares of Radian Group stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $31.05, for a total value of $2,027,720.25. Following the sale, the executive vice president now directly owns 53,791 shares in the company, valued at approximately $1,670,210.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Noel Joseph Spiegel sold 5,895 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $31.80, for a total transaction of $187,461.00. Following the transaction, the director now directly owns 20,008 shares in the company, valued at approximately $636,254.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Eric Ray sold 65,305 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $31.05, for a total value of $2,027,720.25. Following the transaction, the executive vice president now owns 53,791 shares in the company, valued at $1,670,210.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,004 shares of company stock worth $3,651,517. Insiders own 2.16% of the company’s stock.

Radian Group Price Performance

Shares of Radian Group stock opened at $30.34 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.39. Radian Group Inc. has a twelve month low of $24.34 and a twelve month high of $33.69. The business has a 50-day moving average price of $30.90 and a 200 day moving average price of $29.54. The firm has a market cap of $4.57 billion, a PE ratio of 8.03, a P/E/G ratio of 1.76 and a beta of 1.04.

Radian Group (NYSE:RDNGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.20. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. The company had revenue of $319.42 million for the quarter, compared to analysts’ expectations of $314.76 million. During the same period in the previous year, the firm posted $0.98 EPS. Radian Group’s revenue was up 3.1% compared to the same quarter last year. Sell-side analysts predict that Radian Group Inc. will post 3.52 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Tuesday, June 4th will be issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, June 4th. Radian Group’s payout ratio is 25.93%.

Radian Group Profile

(Free Report)

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.

See Also

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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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