Quadrature Capital Ltd Acquires New Shares in Radian Group Inc. (NYSE:RDN)

Quadrature Capital Ltd bought a new stake in shares of Radian Group Inc. (NYSE:RDN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,847 shares of the insurance provider’s stock, valued at approximately $237,000.

Several other institutional investors have also recently made changes to their positions in RDN. CWM LLC raised its stake in shares of Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 1,679 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Radian Group by 296.3% in the second quarter. SG Americas Securities LLC now owns 34,798 shares of the insurance provider’s stock worth $1,082,000 after buying an additional 26,017 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Radian Group by 7.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,986 shares of the insurance provider’s stock valued at $311,000 after acquiring an additional 668 shares during the period. AlphaMark Advisors LLC purchased a new position in Radian Group during the second quarter valued at approximately $316,000. Finally, Assenagon Asset Management S.A. purchased a new position in Radian Group during the second quarter valued at approximately $6,907,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays raised their price target on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.10.

Insider Activity

In related news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the sale, the insider now owns 171,830 shares in the company, valued at $5,953,909.50. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.16% of the company’s stock.

Radian Group Stock Down 0.1 %

RDN stock opened at $33.60 on Wednesday. The company’s 50 day moving average is $34.44 and its 200 day moving average is $33.87. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a 1-year low of $25.73 and a 1-year high of $37.86.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The company had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. Sell-side analysts predict that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group’s payout ratio is currently 25.39%.

Radian Group Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.