Radian Group Inc. (NYSE:RDN) Stake Increased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in Radian Group Inc. (NYSE:RDN) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,629 shares of the insurance provider’s stock after buying an additional 768 shares during the period. Quantinno Capital Management LP’s holdings in Radian Group were worth $274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its stake in Radian Group by 218.0% during the third quarter. Barclays PLC now owns 284,463 shares of the insurance provider’s stock valued at $9,868,000 after purchasing an additional 194,996 shares during the last quarter. CX Institutional increased its stake in Radian Group by 5.8% during the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 451 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Radian Group by 5.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 29,132 shares of the insurance provider’s stock valued at $924,000 after purchasing an additional 1,532 shares during the last quarter. Blue Trust Inc. increased its stake in Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock valued at $105,000 after purchasing an additional 528 shares during the last quarter. Finally, KBC Group NV increased its stake in Radian Group by 46.5% during the fourth quarter. KBC Group NV now owns 6,565 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 2,084 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RDN shares. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $38.00 price target (up previously from $37.00) on shares of Radian Group in a report on Friday, May 2nd. Compass Point downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Friday. Finally, UBS Group boosted their price target on shares of Radian Group from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.83.

Insider Activity

In other news, Director Gregory Serio sold 4,100 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at $11,231.60. This represents a 92.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.01% of the stock is owned by corporate insiders.

Radian Group Price Performance

Shares of NYSE RDN opened at $33.28 on Tuesday. Radian Group Inc. has a twelve month low of $29.32 and a twelve month high of $37.86. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 1.73 and a beta of 0.71. The firm has a 50-day moving average of $32.68 and a two-hundred day moving average of $32.90.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. As a group, analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be issued a $0.255 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.06%. Radian Group’s dividend payout ratio is 25.95%.

Radian Group announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 21st that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the insurance provider to buy up to 16.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Radian Group Company Profile

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.