Radian Group Inc. $RDN Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in Radian Group Inc. (NYSE:RDN) by 33.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,018 shares of the insurance provider’s stock after selling 46,047 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Radian Group were worth $3,260,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Jones Financial Companies Lllp raised its holdings in shares of Radian Group by 14.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after buying an additional 357 shares during the period. Geneos Wealth Management Inc. grew its position in Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares during the last quarter. Sage Rhino Capital LLC acquired a new position in Radian Group in the 2nd quarter valued at about $205,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Radian Group by 0.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,238 shares of the insurance provider’s stock valued at $4,403,000 after acquiring an additional 869 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in Radian Group by 6.9% during the 2nd quarter. QRG Capital Management Inc. now owns 32,911 shares of the insurance provider’s stock worth $1,185,000 after acquiring an additional 2,127 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Eric Ray sold 13,957 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total value of $496,869.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.16% of the stock is owned by corporate insiders.

Radian Group Stock Performance

RDN opened at $33.19 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $35.16 and its 200-day moving average is $34.75. The stock has a market cap of $4.50 billion, a PE ratio of 8.28 and a beta of 0.82. Radian Group Inc. has a twelve month low of $29.32 and a twelve month high of $38.84.

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

Radian Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on RDN shares. Barclays boosted their price target on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th. Keefe, Bruyette & Woods increased their price objective on shares of Radian Group from $40.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday, December 18th. UBS Group decreased their price objective on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Finally, Zacks Research downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Radian Group presently has a consensus rating of “Hold” and an average target price of $40.00.

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.