GAMMA Investing LLC Has $243,000 Stock Position in Radian Group Inc. (NYSE:RDN)

GAMMA Investing LLC lifted its stake in shares of Radian Group Inc. (NYSE:RDNFree Report) by 13.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,363 shares of the insurance provider’s stock after purchasing an additional 900 shares during the quarter. GAMMA Investing LLC’s holdings in Radian Group were worth $243,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Picton Mahoney Asset Management boosted its holdings in Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 342 shares in the last quarter. Covestor Ltd raised its position in shares of Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 355 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Radian Group by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,854 shares of the insurance provider’s stock worth $503,000 after purchasing an additional 502 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Radian Group by 0.3% in the 4th quarter. Alliancebernstein L.P. now owns 199,889 shares of the insurance provider’s stock worth $6,340,000 after purchasing an additional 629 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in Radian Group by 9.8% in the 4th quarter. Quantinno Capital Management LP now owns 8,629 shares of the insurance provider’s stock valued at $274,000 after purchasing an additional 768 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Radian Group

In other Radian Group news, Director Lisa Mumford sold 2,500 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.45, for a total transaction of $83,625.00. Following the completion of the transaction, the director directly owned 22,329 shares of the company’s stock, valued at approximately $746,905.05. This represents a 10.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward J. Hoffman sold 20,000 shares of the firm’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $36.00, for a total value of $720,000.00. Following the completion of the sale, the executive vice president directly owned 161,586 shares of the company’s stock, valued at $5,817,096. This represents a 11.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,378 shares of company stock valued at $2,944,414. Corporate insiders own 2.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Radian Group from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. 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 report on Friday, May 2nd. Finally, Compass Point downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.83.

Get Our Latest Analysis on RDN

Radian Group Stock Down 0.7%

RDN opened at $36.32 on Thursday. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $37.86. The company’s 50-day moving average is $34.04 and its 200 day moving average is $32.94. The firm has a market capitalization of $4.88 billion, a P/E ratio of 9.24 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44.

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

Radian Group declared that its board has authorized a stock repurchase program on Wednesday, May 21st that permits the company to buyback $750.00 million in shares. This buyback authorization permits the insurance provider to reacquire up to 16.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 2nd were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.81%. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

About Radian Group

(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.

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

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