Healthcare of Ontario Pension Plan Trust Fund Acquires 40,061 Shares of Radian Group Inc. $RDN

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Radian Group Inc. (NYSE:RDN) by 10.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 420,378 shares of the insurance provider’s stock after acquiring an additional 40,061 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Radian Group were worth $13,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its holdings in shares of Radian Group by 14.8% in the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after acquiring an additional 357 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 572 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Radian Group by 94.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 901 shares in the last quarter. Walleye Capital LLC acquired a new position in Radian Group during the 2nd quarter worth approximately $239,000. Finally, Marshall Wace LLP bought a new position in Radian Group in the 2nd quarter valued at approximately $452,000. Institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on RDN shares. Wall Street Zen lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Barclays increased their price target on Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods raised their price objective on Radian Group from $43.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.17.

Insiders Place Their Bets

In other Radian Group news, 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 transaction of $174,942.46. Following the transaction, the director directly owned 20,008 shares of the company’s stock, valued at approximately $724,089.52. The trade was a 19.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Weinbach purchased 49,513 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of $34.04 per share, with a total value of $1,685,422.52. Following the purchase, the chief executive officer owned 170,000 shares of the company’s stock, valued at approximately $5,786,800. This trade represents a 41.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 45,516 shares of company stock valued at $1,682,576 over the last ninety days. 2.03% of the stock is currently owned by corporate insiders.

Radian Group Stock Up 0.8%

NYSE:RDN opened at $39.00 on Tuesday. Radian Group Inc. has a one year low of $31.50 and a one year high of $41.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $5.19 billion, a PE ratio of 9.61, a P/E/G ratio of 0.97 and a beta of 0.72. The firm’s 50 day simple moving average is $36.44 and its 200 day simple moving average is $34.97.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $466.34 million during the quarter, compared to analysts’ expectations of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The company’s revenue was up 46.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. On average, research analysts anticipate that Radian Group Inc. will post 5.17 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd were paid a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.6%. Radian Group’s payout ratio is currently 25.12%.

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.