Ritholtz Wealth Management Has $607,000 Stock Holdings in Radian Group Inc. (NYSE:RDN)

Ritholtz Wealth Management decreased its position in shares of Radian Group Inc. (NYSE:RDN) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,363 shares of the insurance provider’s stock after selling 1,645 shares during the quarter. Ritholtz Wealth Management’s holdings in Radian Group were worth $607,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP acquired a new stake in Radian Group in the fourth quarter worth $409,000. Principal Financial Group Inc. raised its stake in Radian Group by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock worth $22,915,000 after buying an additional 13,202 shares during the period. GAMMA Investing LLC raised its stake in Radian Group by 3,667.5% during the 1st quarter. GAMMA Investing LLC now owns 243,494 shares of the insurance provider’s stock worth $7,363,000 after buying an additional 237,031 shares during the period. First Eagle Investment Management LLC lifted its holdings in Radian Group by 5.3% during the fourth quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider’s stock worth $16,205,000 after acquiring an additional 25,500 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Radian Group in the fourth quarter valued at about $4,872,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analysts Set New Price Targets

RDN has been the topic of a number of research analyst reports. Compass Point lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 23rd. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $38.00 target price (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Finally, UBS Group lifted their price target on shares of Radian Group from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $36.83.

Insider Buying and Selling at Radian Group

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $33.72, for a total value of $337,200.00. Following the completion of the transaction, the executive vice president now directly owns 201,586 shares in the company, valued at $6,797,479.92. This trade represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Howard Bernard Culang sold 8,773 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $33.37, for a total value of $292,755.01. Following the sale, the director now owns 8,050 shares in the company, valued at approximately $268,628.50. This represents a 52.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,378 shares of company stock worth $2,224,414. Insiders own 2.01% of the company’s stock.

Radian Group Stock Up 2.3%

NYSE:RDN opened at $34.65 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.44 and a current ratio of 3.44. The company has a market cap of $4.65 billion, a PE ratio of 8.82 and a beta of 0.71. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $37.86. The stock has a 50-day simple moving average of $33.22 and a 200 day simple moving average of $32.84.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Radian Group had a return on equity of 13.54% and a net margin of 46.29%. The firm had revenue of $318.11 million during the quarter, compared to the consensus estimate of $326.99 million. During the same quarter in the prior year, the firm posted $1.03 EPS. The business’s revenue was down .4% on a year-over-year basis. On average, sell-side analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 2nd were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Monday, June 2nd. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

Radian Group declared that its Board of Directors has approved a share repurchase 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 of directors 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.