AlphaQuest LLC Sells 43,919 Shares of Radian Group Inc. $RDN

AlphaQuest LLC lowered its position in Radian Group Inc. (NYSE:RDN) by 63.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 25,604 shares of the insurance provider’s stock after selling 43,919 shares during the period. AlphaQuest LLC’s holdings in Radian Group were worth $927,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of RDN. Summit Global Investments acquired a new position in Radian Group in the third quarter valued at $1,213,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Radian Group by 3.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 126,324 shares of the insurance provider’s stock worth $4,575,000 after acquiring an additional 4,086 shares in the last quarter. James Investment Research Inc. lifted its stake in shares of Radian Group by 37.6% in the 3rd quarter. James Investment Research Inc. now owns 37,117 shares of the insurance provider’s stock valued at $1,344,000 after purchasing an additional 10,151 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Radian Group during the 3rd quarter valued at about $156,000. Finally, Teacher Retirement System of Texas grew its stake in Radian Group by 7.0% during the third quarter. Teacher Retirement System of Texas now owns 44,461 shares of the insurance provider’s stock worth $1,610,000 after purchasing an additional 2,898 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Eric Ray sold 13,957 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total transaction of $496,869.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.01% of the company’s stock.

Radian Group Trading Up 0.0%

RDN opened at $32.91 on Tuesday. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The firm has a market capitalization of $4.46 billion, a PE ratio of 8.21 and a beta of 0.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.67 and a quick ratio of 1.67. The company’s 50-day moving average is $34.97 and its 200 day moving average is $34.72.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, topping the consensus estimate of $0.95 by $0.20. Radian Group had a return on equity of 13.29% and a net margin of 45.90%.The firm had revenue of $303.19 million during the quarter, compared to the consensus estimate of $308.77 million. During the same period in the prior year, the business posted $1.03 earnings per share. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.02 annualized dividend and a dividend yield of 3.1%. Radian Group’s dividend payout ratio is presently 25.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RDN shares. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. UBS Group cut their target price on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Keefe, Bruyette & Woods lifted their price target on shares of Radian Group from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Thursday, December 18th. Roth Mkm reiterated a “buy” rating and set a $45.00 price objective on shares of Radian Group in a report on Friday, January 2nd. Finally, Zacks Research downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Radian Group currently has an average rating of “Hold” and a consensus target price of $40.00.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.