Denali Advisors LLC Buys 42,300 Shares of Radian Group Inc. $RDN

Denali Advisors LLC lifted its stake in Radian Group Inc. (NYSE:RDN) by 671.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,600 shares of the insurance provider’s stock after purchasing an additional 42,300 shares during the period. Denali Advisors LLC’s holdings in Radian Group were worth $1,831,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Radian Group during the second quarter valued at about $728,072,000. Charles Schwab Investment Management Inc. lifted its holdings in Radian Group by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,959,463 shares of the insurance provider’s stock worth $214,481,000 after buying an additional 63,437 shares during the period. Dimensional Fund Advisors LP boosted its position in Radian Group by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,948,335 shares of the insurance provider’s stock valued at $196,773,000 after acquiring an additional 230,912 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in Radian Group by 43.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock valued at $108,411,000 after acquiring an additional 916,003 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Radian Group by 16.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,188,624 shares of the insurance provider’s stock valued at $78,769,000 after acquiring an additional 315,575 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In other Radian Group news, Director Noel Joseph Spiegel sold 4,834 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.19, for a total value of $174,942.46. Following the transaction, the director directly owned 20,008 shares in the company, valued at approximately $724,089.52. This trade represents a 19.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Howard Bernard Culang sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.20, for a total transaction of $181,000.00. Following the completion of the transaction, the chairman owned 11,662 shares in the company, valued at $422,164.40. The trade was a 30.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 15,517 shares of company stock worth $557,610. 2.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RDN shares. Royal Bank Of Canada began coverage on Radian Group in a research report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 target price for the company. Keefe, Bruyette & Woods dropped their price target on shares of Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Barclays cut their target price on Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and raised their price target for the company from $35.00 to $43.00 in a report on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.17.

Radian Group Stock Down 1.2%

Radian Group stock opened at $36.40 on Thursday. Radian Group Inc. has a one year low of $31.50 and a one year high of $41.05. The stock has a fifty day moving average of $37.36 and a 200 day moving average of $35.48. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $4.82 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 0.89 and a beta of 0.72.

Radian Group (NYSE:RDN) last announced its earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.20). The firm had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $556.55 million. Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The company’s revenue for the quarter was up 92.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 earnings per share. As a group, sell-side analysts predict that Radian Group Inc. will post 4.86 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.8%. Radian Group’s dividend payout ratio (DPR) is presently 26.22%.

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.