Radian Group Inc. $RDN Stock: CenterBook Partners LP Increases Stake

CenterBook Partners LP boosted its holdings in Radian Group Inc. (NYSE:RDN) by 91.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,015 shares of the insurance provider’s stock after buying an additional 45,289 shares during the quarter. CenterBook Partners LP’s holdings in Radian Group were worth $2,908,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RDN. BlackRock Inc. bought a new position in Radian Group in the second quarter valued at about $728,072,000. Donald Smith & CO. Inc. bought a new position in shares of Radian Group in the second quarter worth about $163,104,000. Caisse de depot et placement du Quebec bought a new position in shares of Radian Group in the second quarter worth about $89,334,000. Bruni J V & Co. Co. bought a new position in shares of Radian Group in the second quarter worth about $59,355,376. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Radian Group in the 2nd quarter valued at approximately $45,553,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RDN shares. Wall Street Zen lowered shares of Radian Group from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Zacks Research upgraded shares of Radian Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. BTIG Research assumed coverage on shares of Radian Group in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $48.00 price objective for the company. Keefe, Bruyette & Woods cut their target price on shares of Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Finally, Weiss Ratings lowered shares of Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, October 13th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.29.

Radian Group Stock Performance

Shares of RDN stock opened at $35.95 on Friday. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.90 and a beta of 0.69. The company has a current ratio of 0.37, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $34.80 and its 200-day moving average price is $35.27. Radian Group Inc. has a 12 month low of $30.53 and a 12 month high of $41.05.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.24. The company had revenue of $624.11 million during the quarter, compared to the consensus estimate of $595.99 million. Radian Group had a return on equity of 14.39% and a net margin of 28.41%. During the same quarter in the prior year, the firm posted $1.15 earnings per share. Equities research analysts forecast that Radian Group Inc. will post 4.85 EPS for the current year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were issued a dividend of $0.2550 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 24th. Radian Group’s payout ratio is presently 25.00%.

Insider Buying and Selling

In other Radian Group news, EVP Stephen Keleher sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $38.58, for a total transaction of $308,640.00. Following the sale, the executive vice president directly owned 27,789 shares of the company’s stock, valued at $1,072,099.62. The trade was a 22.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Meghan Bartholomew sold 7,812 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $35.94, for a total transaction of $280,763.28. Following the completion of the transaction, the executive vice president owned 39,203 shares of the company’s stock, valued at approximately $1,408,955.82. This trade represents a 16.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.03% of the company’s stock.

More Radian Group News

Here are the key news stories impacting Radian Group this week:

• Positive Sentiment: Radian earned $1.44 per share, beating analyst estimates of roughly $1.20–$1.27 and rising from $1.15 a year earlier. Revenue reached $624.1 million, above the cited consensus estimate. RDN Q3 Earnings Beat on Specialty Strength, Revenues Rise Y/Y
• Positive Sentiment: Operating income increased 25.2%, supported by strength in Specialty Insurance, including Inigo, as well as underwriting and investment income. Commentary following the earnings release also highlighted a valuation case that RDN could be substantially below estimated fair value; that assessment is a model-based view, not a guaranteed return. Radian Group Could Be 66% Below Fair Value As Strong Q3 Earnings Land
• Neutral Sentiment: Barclays raised its price target from $36 to $37 but kept an “equal weight” rating, implying limited upside at the cited share price and signaling a measured analyst outlook. Barclays stock recommendations
• Negative Sentiment: Despite the earnings beat, RDN shares declined in the latest trading session. The provided reports do not identify a specific catalyst for that move, so it may reflect investor caution or profit-taking rather than a clearly reported deterioration in results.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a financial services company that provides mortgage insurance and related services to the residential real estate industry. Through its mortgage insurance subsidiaries, including Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, particularly loans made to borrowers with smaller down payments. Its insurance can also help borrowers obtain home financing without contributing a traditional 20% down payment.

Radian’s mortgage insurance business serves mortgage lenders, banks, credit unions and other housing finance participants primarily in the United States.