United Capital Financial Advisors LLC Acquires New Holdings in Radian Group Inc. $RDN

United Capital Financial Advisors LLC acquired a new position in Radian Group Inc. (NYSE:RDN) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 19,201 shares of the insurance provider’s stock, valued at approximately $723,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Radian Group during the 2nd quarter valued at about $728,072,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Radian Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,959,463 shares of the insurance provider’s stock worth $214,481,000 after acquiring an additional 63,437 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Radian Group by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,948,335 shares of the insurance provider’s stock valued at $196,773,000 after acquiring an additional 230,912 shares in the last quarter. Donald Smith & CO. Inc. acquired a new position in shares of Radian Group during the second quarter valued at approximately $163,104,000. Finally, Caisse de depot et placement du Quebec acquired a new position in shares of Radian Group during the second quarter valued at approximately $89,334,000. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In related news, CEO Michael S. Weinbach acquired 49,513 shares of Radian Group stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average cost of $34.04 per share, with a total value of $1,685,422.52. Following the purchase, the chief executive officer directly owned 170,000 shares in the company, valued at $5,786,800. The trade was a 41.09% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Radian Group Stock Up 0.3%

NYSE RDN opened at $36.52 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60. The company’s 50 day simple moving average is $37.64 and its 200 day simple moving average is $35.65. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $41.05. The company has a market capitalization of $4.83 billion, a P/E ratio of 9.39, a PEG ratio of 0.88 and a beta of 0.72.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). The business had revenue of $574.96 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 earnings per share. Equities research analysts expect that Radian Group Inc. will post 4.86 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, August 24th. Radian Group’s dividend payout ratio is 26.22%.

Radian Group Company 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.