Corient Private Wealth LP Acquires New Position in Radian Group Inc. $RDN

Corient Private Wealth LP acquired a new stake in Radian Group Inc. (NYSE:RDN) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 29,184 shares of the insurance provider’s stock, valued at approximately $1,099,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV boosted its holdings in Radian Group by 0.9% during the third 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 in the last quarter. Hantz Financial Services Inc. lifted 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 valued at $56,000 after acquiring an additional 329 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of 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 purchasing an additional 344 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Radian Group by 6.1% in the fourth 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 position in shares of Radian Group by 14.8% in the 1st 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 in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Price Performance

RDN opened at $36.59 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $37.63 and its 200 day moving average price is $35.73. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70. Radian Group Inc. has a fifty-two week low of $31.50 and a fifty-two week high of $41.05.

Radian Group (NYSE:RDN) last posted its quarterly 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 business had revenue of $574.96 million during the quarter, compared to analyst estimates of $556.55 million. Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The company’s quarterly revenue was up 92.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Radian Group’s dividend payout ratio is currently 26.22%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RDN shares. Keefe, Bruyette & Woods reduced their price objective on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Royal Bank Of Canada assumed coverage on Radian Group in a research report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price target on the stock. Wall Street Zen cut Radian Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Barclays reduced their price objective on Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, August 10th. Finally, Weiss Ratings raised Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.17.

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.