Russell Investments Group Ltd. Boosts Holdings in Radian Group Inc. $RDN

Russell Investments Group Ltd. raised its stake in shares of Radian Group Inc. (NYSE:RDN) by 3.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 97,234 shares of the insurance provider’s stock after buying an additional 2,808 shares during the period. Russell Investments Group Ltd. owned about 0.07% of Radian Group worth $3,216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RDN. Covestor Ltd grew its holdings in Radian Group by 42.6% during the first quarter. Covestor Ltd now owns 1,927 shares of the insurance provider’s stock worth $64,000 after acquiring an additional 576 shares during the period. US Bancorp DE grew its stake in shares of Radian Group by 22.7% during the 1st quarter. US Bancorp DE now owns 3,972 shares of the insurance provider’s stock worth $131,000 after purchasing an additional 735 shares during the period. GAMMA Investing LLC increased its holdings in shares of Radian Group by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 7,363 shares of the insurance provider’s stock valued at $243,000 after purchasing an additional 900 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of 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. Finally, Cerity Partners LLC boosted its holdings in Radian Group by 27.8% during the first quarter. Cerity Partners LLC now owns 11,324 shares of the insurance provider’s stock worth $374,000 after buying an additional 2,465 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Transactions at Radian Group

In other news, EVP Edward J. Hoffman sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $36.00, for a total transaction of $720,000.00. Following the transaction, the executive vice president directly owned 161,586 shares in the company, valued at $5,817,096. The trade was a 11.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Howard Bernard Culang sold 8,773 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $33.37, for a total value of $292,755.01. Following the completion of the sale, the director owned 8,050 shares of the company’s stock, valued at $268,628.50. This trade represents a 52.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,378 shares of company stock valued at $2,944,414. Company insiders own 2.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods downgraded shares of Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a research report on Monday, July 7th. UBS Group reiterated a “neutral” rating and set a $38.00 price target (up previously from $36.00) on shares of Radian Group in a research report on Monday, July 14th. Compass Point lowered Radian Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 23rd. Finally, Barclays boosted their price objective on Radian Group from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $37.00.

Radian Group Price Performance

Shares of Radian Group stock opened at $35.4560 on Friday. The stock has a market capitalization of $4.80 billion, a P/E ratio of 8.93 and a beta of 0.74. The business has a 50 day simple moving average of $34.61 and a two-hundred day simple moving average of $33.37. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $36.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.68 and a quick ratio of 1.68.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The firm had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $321.97 million. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 21st that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the insurance provider to repurchase up to 16.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 25th. Radian Group’s dividend payout ratio is 25.69%.

About Radian Group

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.