Interval Partners LP Purchases 116,788 Shares of Radian Group Inc. $RDN

Interval Partners LP grew its position in Radian Group Inc. (NYSE:RDN) by 62.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 304,606 shares of the insurance provider’s stock after purchasing an additional 116,788 shares during the quarter. Interval Partners LP’s holdings in Radian Group were worth $10,963,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RDN. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Radian Group by 178.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 476 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Radian Group in the fourth quarter worth about $29,000. Geneos Wealth Management Inc. grew its holdings 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 acquiring an additional 572 shares in the last quarter. Fifth Third Bancorp increased its position in Radian Group by 65.8% during the 4th quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 360 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new position in Radian Group during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Price Performance

Shares of NYSE RDN opened at $34.87 on Thursday. The business has a 50-day simple moving average of $35.46 and a two-hundred day simple moving average of $34.64. The company has a market cap of $4.64 billion, a PE ratio of 8.59, a P/E/G ratio of 0.89 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. Radian Group Inc. has a fifty-two week low of $31.50 and a fifty-two week high of $38.84.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $466.34 million for the quarter, compared to analyst estimates of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. Radian Group’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 EPS. As a group, equities analysts expect that Radian Group Inc. will post 5.17 EPS for the current fiscal year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 2nd. Radian Group’s dividend payout ratio is presently 25.12%.

Insider Transactions at Radian Group

In related news, EVP Edward J. Hoffman sold 15,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $38.00, for a total value of $570,000.00. Following the completion of the transaction, the executive vice president owned 93,708 shares in the company, valued at $3,560,904. This trade represents a 13.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Noel Joseph Spiegel sold 4,834 shares of Radian Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total value of $174,942.46. Following the sale, the director directly owned 20,008 shares of the company’s stock, valued at approximately $724,089.52. This represents a 19.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 75,516 shares of company stock worth $2,747,576 over the last 90 days. Insiders own 2.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RDN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Radian Group in a research report on Tuesday. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $43.00 in a report on Wednesday, April 29th. Keefe, Bruyette & Woods boosted their price objective on shares of Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, April 10th. Wall Street Zen lowered Radian Group from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.67.

Radian Group Company 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.