Radian Group Inc. $RDN Holdings Boosted by RBF Capital LLC

RBF Capital LLC raised its position in shares of Radian Group Inc. (NYSE:RDN) by 16.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,000 shares of the insurance provider’s stock after purchasing an additional 20,000 shares during the quarter. RBF Capital LLC’s holdings in Radian Group were worth $4,631,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RDN. South Dakota Investment Council lifted its holdings in shares of Radian Group by 28.3% in the first quarter. South Dakota Investment Council now owns 226,629 shares of the insurance provider’s stock valued at $7,497,000 after purchasing an additional 50,026 shares in the last quarter. Amundi grew its holdings in shares of Radian Group by 29.6% during the first quarter. Amundi now owns 32,828 shares of the insurance provider’s stock valued at $1,086,000 after buying an additional 7,503 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Radian Group by 34.4% during the first quarter. California State Teachers Retirement System now owns 169,868 shares of the insurance provider’s stock valued at $5,619,000 after buying an additional 43,502 shares in the last quarter. Royal Bank of Canada raised its position in Radian Group by 5.9% during the first quarter. Royal Bank of Canada now owns 622,054 shares of the insurance provider’s stock valued at $20,578,000 after buying an additional 34,396 shares during the period. Finally, Empowered Funds LLC acquired a new position in Radian Group during the first quarter valued at $424,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Trading Up 0.9%

NYSE RDN opened at $39.64 on Thursday. 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 1-year low of $31.50 and a 1-year high of $41.05. The firm’s fifty day simple moving average is $36.52 and its 200-day simple moving average is $35.02. The company has a market capitalization of $5.27 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 0.99 and a beta of 0.72.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The firm had revenue of $466.34 million during the quarter, compared to analysts’ expectations of $377.83 million. During the same quarter last year, the firm earned $0.99 earnings per share. The business’s revenue for the quarter was up 46.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Radian Group Inc. will post 5.17 earnings per share for the current fiscal year.

Radian Group Announces Dividend

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

Analysts Set New Price Targets

RDN has been the subject of several research analyst reports. Bank of America raised Radian Group from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $43.00 in a research note on Wednesday, April 29th. Barclays lifted their target price on Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Radian Group in a research report on Tuesday, June 16th. Royal Bank Of Canada initiated coverage on shares of Radian Group in a research report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price target for the company. Finally, Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Radian Group currently has an average rating of “Moderate Buy” and a consensus target price of $43.17.

Insider Activity at Radian Group

In other news, Director Noel Joseph Spiegel sold 4,834 shares of Radian Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total transaction of $174,942.46. Following the completion of the sale, the director directly owned 20,008 shares in the company, valued at $724,089.52. The trade was a 19.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Edward J. Hoffman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $38.00, for a total value of $570,000.00. Following the completion of the sale, the executive vice president directly owned 93,708 shares of the company’s stock, valued at approximately $3,560,904. The trade was a 13.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 30,516 shares of company stock worth $1,127,576. 2.03% of the stock is currently owned by corporate insiders.

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.