Fox Run Management L.L.C. Acquires Shares of 29,008 Radian Group Inc. $RDN

Fox Run Management L.L.C. acquired a new stake in Radian Group Inc. (NYSE:RDN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29,008 shares of the insurance provider’s stock, valued at approximately $1,044,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its position in shares of Radian Group by 0.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock worth $1,208,000 after purchasing an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Radian Group by 16.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock worth $79,000 after purchasing an additional 310 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Radian Group by 66.7% during the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 318 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Radian Group by 26.9% during the fourth quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 329 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Radian Group by 14.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 344 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Radian Group Trading Up 2.0%

RDN opened at $34.24 on Wednesday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 8.43, a P/E/G ratio of 0.84 and a beta of 0.73. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $38.84. The firm’s fifty day simple moving average is $35.30 and its 200 day simple moving average is $34.67. 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 (NYSE:RDN) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The business had revenue of $466.34 million for the quarter, compared to analysts’ expectations of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The firm’s revenue was up 46.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. As a group, research analysts anticipate that Radian Group Inc. will post 5.17 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 2nd. Radian Group’s payout ratio is currently 25.12%.

Insiders Place Their Bets

In related news, CEO Michael S. Weinbach acquired 49,513 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average cost of $34.04 per share, with a total value of $1,685,422.52. Following the transaction, the chief executive officer owned 170,000 shares of the company’s stock, valued at $5,786,800. The trade was a 41.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Edward J. Hoffman sold 15,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $38.00, for a total transaction of $570,000.00. Following the completion of the sale, the executive vice president directly owned 93,708 shares in the company, valued at $3,560,904. This represents a 13.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 75,516 shares of company stock worth $2,747,576 in the last ninety days. 2.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Barclays lifted their price target on shares of Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. UBS Group reduced their price target on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Wall Street Zen cut shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Radian Group has an average rating of “Moderate Buy” and an average target price of $42.67.

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.