Paulson Wealth Management Inc. Invests $229,000 in Radian Group Inc. $RDN

Paulson Wealth Management Inc. bought a new position in Radian Group Inc. (NYSE:RDN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,369 shares of the insurance provider’s stock, valued at approximately $229,000.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in shares of Radian Group by 14.8% in the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 357 shares during the last quarter. AlphaQuest LLC lifted its stake in Radian Group by 3.1% during the 1st quarter. AlphaQuest LLC now owns 15,904 shares of the insurance provider’s stock valued at $526,000 after acquiring an additional 476 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Radian Group by 0.3% during the 2nd quarter. Nordea Investment Management AB now owns 199,681 shares of the insurance provider’s stock worth $7,153,000 after acquiring an additional 533 shares during the last quarter. Xponance Inc. raised its holdings in shares of Radian Group by 5.0% in the first quarter. Xponance Inc. now owns 11,379 shares of the insurance provider’s stock valued at $376,000 after purchasing an additional 538 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Radian Group by 1.0% during the second quarter. Harbor Capital Advisors Inc. now owns 58,313 shares of the insurance provider’s stock valued at $2,100,000 after purchasing an additional 554 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Stock Down 0.3%

Radian Group stock opened at $33.89 on Friday. The firm has a 50 day simple moving average of $34.73 and a 200 day simple moving average of $34.31. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.54. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $38.84. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 8.54 and a beta of 0.81.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Tuesday, November 4th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. The company had revenue of $303.19 million for the quarter, compared to analyst estimates of $308.77 million. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. On average, analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, August 25th. Radian Group’s payout ratio is presently 25.44%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Barclays lifted their price objective on shares of Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research report on Monday, October 6th. Finally, UBS Group decreased their price target on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.00.

Insiders Place Their Bets

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the sale, the executive vice president owned 153,708 shares of the company’s stock, valued at $5,687,196. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.01% of the stock is owned by corporate insiders.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.