30,837 Shares in Radian Group Inc. $RDN Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of Radian Group Inc. (NYSE:RDN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,837 shares of the insurance provider’s stock, valued at approximately $1,162,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDN. Mercer Global Advisors Inc. ADV lifted its stake in shares of Radian Group by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock valued at $1,208,000 after purchasing an additional 288 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Radian Group by 26.9% during the 4th quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 329 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Radian Group by 14.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after buying an additional 344 shares during the period. HighTower Advisors LLC raised its holdings in Radian Group by 6.1% in the 4th quarter. HighTower Advisors LLC now owns 6,060 shares of the insurance provider’s stock valued at $218,000 after buying an additional 349 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Radian Group by 14.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after buying an additional 357 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on RDN shares. Weiss Ratings raised shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and boosted their price target for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th. Wall Street Zen lowered shares of Radian Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Barclays lowered their price objective on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.17.

Radian Group Price Performance

RDN opened at $36.85 on Wednesday. The stock’s 50-day moving average price is $37.53 and its 200 day moving average price is $35.58. Radian Group Inc. has a 12-month low of $31.50 and a 12-month high of $41.05. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.89 and a beta of 0.72. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14.

Radian Group (NYSE:RDN) last released its earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share 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 analyst estimates of $556.55 million. Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The business’s revenue was up 92.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. As a group, sell-side analysts expect that Radian Group Inc. will post 4.86 earnings per share for the current year.

Radian Group Announces Dividend

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

Insider Buying and Selling

In other Radian Group news, CEO Michael S. Weinbach bought 120,487 shares of Radian Group stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $33.89 per share, for a total transaction of $4,083,304.43. Following the acquisition, the chief executive officer directly owned 120,487 shares in the company, valued at $4,083,304.43. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Margaret Anne Leyden sold 2,070 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $34.59, for a total transaction of $71,601.30. Following the sale, the director owned 6,864 shares in the company, valued at approximately $237,425.76. This trade represents a 23.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 2.03% of the company’s stock.

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.