Advisors Preferred LLC Takes $2.79 Million Position in Radian Group Inc. $RDN

Advisors Preferred LLC acquired a new stake in Radian Group Inc. (NYSE:RDN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 78,324 shares of the insurance provider’s stock, valued at approximately $2,787,000. Advisors Preferred LLC owned approximately 0.06% of Radian Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Summit Global Investments acquired a new position in Radian Group in the third quarter valued at $1,213,000. Capital Fund Management S.A. acquired a new stake in shares of Radian Group during the second quarter worth about $3,470,000. Campbell & CO Investment Adviser LLC grew its holdings in shares of Radian Group by 187.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 47,337 shares of the insurance provider’s stock worth $1,715,000 after buying an additional 30,862 shares during the last quarter. Norges Bank acquired a new position in Radian Group in the 2nd quarter valued at about $85,785,000. Finally, Allworth Financial LP increased its position in Radian Group by 1,049.7% in the 2nd quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 1,732 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RDN shares. Weiss Ratings downgraded shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $41.00 to $42.00 in a report on Wednesday, February 11th. Roth Mkm reissued a “buy” rating and set a $45.00 price target on shares of Radian Group in a report on Friday, January 2nd. Finally, Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.20.

Insider Transactions at Radian Group

In other news, EVP Eric Ray sold 13,957 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.01% of the stock is currently owned by corporate insiders.

Radian Group Stock Performance

Radian Group stock opened at $33.33 on Friday. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 8.03 and a beta of 0.81. The stock has a fifty day moving average of $34.38 and a two-hundred day moving average of $34.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.67 and a current ratio of 0.42.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, February 18th. The insurance provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The business had revenue of $300.51 million during the quarter, compared to the consensus estimate of $300.45 million. During the same quarter in the previous year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, February 23rd. Radian Group’s payout ratio is 24.58%.

Radian Group Profile

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.