Radian Group Inc. $RDN Stock Position Raised by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC increased its stake in Radian Group Inc. (NYSE:RDN) by 88.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 497,600 shares of the insurance provider’s stock after acquiring an additional 233,300 shares during the quarter. Capitolis Liquid Global Markets LLC’s holdings in Radian Group were worth $18,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Summit Global Investments acquired a new stake in Radian Group during the 3rd quarter worth about $1,213,000. Capital Fund Management S.A. acquired a new position in shares of Radian Group in the second quarter worth about $3,470,000. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Radian Group by 187.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 47,337 shares of the insurance provider’s stock worth $1,715,000 after buying an additional 30,862 shares during the period. Norges Bank purchased a new position in shares of Radian Group in the second quarter worth approximately $85,785,000. Finally, Allworth Financial LP increased its position in shares of Radian Group by 1,049.7% in the second quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 1,732 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Price Performance

NYSE RDN opened at $32.98 on Friday. The company has a 50 day simple moving average of $33.68 and a 200-day simple moving average of $34.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 3.40. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 1.78 and a beta of 0.80. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $38.84.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 18th. The insurance provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.11 by $0.05. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The business had revenue of $300.51 million during the quarter, compared to analysts’ expectations of $300.45 million. During the same period last year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.1%. Radian Group’s dividend payout ratio (DPR) is 24.58%.

Analysts Set New Price Targets

RDN has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday. Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Roth Mkm reissued a “buy” rating and set a $45.00 target price on shares of Radian Group in a research note on Friday, January 2nd. Finally, Barclays set a $40.00 target price on Radian Group in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

About Radian Group

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.