81,870 Shares in Radian Group Inc. $RDN Acquired by Weiss Asset Management LP

Weiss Asset Management LP bought a new stake in shares of Radian Group Inc. (NYSE:RDN) in the first quarter, Holdings Channel.com reports. The institutional investor bought 81,870 shares of the insurance provider’s stock, valued at approximately $2,708,000.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Radian Group by 178.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 476 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Radian Group during the 4th quarter valued at $29,000. Geneos Wealth Management Inc. lifted its holdings in shares of Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 572 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Radian Group by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 360 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Radian Group in the 3rd quarter worth $34,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Trading Down 0.1%

NYSE:RDN opened at $38.63 on Monday. The company has a market capitalization of $5.14 billion, a P/E ratio of 9.51, a PEG ratio of 0.97 and a beta of 0.72. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.16. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $41.05. The firm has a fifty day simple moving average of $36.42 and a 200-day simple moving average of $34.95.

Radian Group (NYSE:RDN) last released its earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $466.34 million for the quarter, compared to the consensus estimate of $377.83 million. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The firm’s revenue was up 46.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. On average, equities research analysts anticipate that Radian Group Inc. will post 5.17 earnings per share for the current year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, June 2nd. Radian Group’s payout ratio is presently 25.12%.

Insider Buying and Selling at Radian Group

In other news, Director Margaret Anne Leyden sold 2,070 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $34.59, for a total value of $71,601.30. Following the transaction, the director directly owned 6,864 shares of the company’s stock, valued at approximately $237,425.76. This represents a 23.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman Howard Bernard Culang sold 3,612 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $36.00, for a total value of $130,032.00. Following the completion of the transaction, the chairman owned 8,050 shares of the company’s stock, valued at approximately $289,800. The trade was a 30.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 45,516 shares of company stock worth $1,682,576. 2.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RDN has been the topic of several research analyst reports. Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $43.00 in a research note on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Radian Group in a report on Tuesday, June 16th. Royal Bank Of Canada started coverage on Radian Group in a research note on Friday, May 22nd. They set an “outperform” rating and a $47.00 price target on the stock. Wall Street Zen lowered Radian Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Radian Group from $43.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.17.

Radian Group Profile

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.