Inceptionr LLC Buys New Position in Radian Group Inc. $RDN

Inceptionr LLC bought a new stake in shares of Radian Group Inc. (NYSE:RDN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,199 shares of the insurance provider’s stock, valued at approximately $768,000.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake 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 purchasing an additional 357 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Radian Group by 191.3% during the first 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Radian Group during the second quarter valued at $3,510,000. Campbell & CO Investment Adviser LLC grew its holdings in Radian Group by 43.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 16,475 shares of the insurance provider’s stock valued at $593,000 after purchasing an additional 4,989 shares during the period. Finally, Allworth Financial LP grew its holdings in Radian Group by 1,049.7% during the second quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 1,732 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RDN. Zacks Research raised Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $42.00 in a report on Wednesday, February 11th. Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Barclays set a $40.00 price target on shares of Radian Group in a research report on Monday, February 23rd. Finally, Roth Mkm reissued a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a research note on Friday, January 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.80.

Radian Group Stock Performance

NYSE:RDN opened at $33.55 on Tuesday. The stock has a 50-day moving average price of $33.93 and a 200 day moving average price of $34.68. The stock has a market capitalization of $4.57 billion, a P/E ratio of 8.08, a P/E/G ratio of 1.83 and a beta of 0.79. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $38.84. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 18th. The insurance provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The company had revenue of $300.51 million for the quarter, compared to analysts’ expectations of $300.45 million. During the same period in the previous year, the firm earned $1.09 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, February 23rd. Radian Group’s payout ratio is 24.58%.

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.