Robeco Institutional Asset Management B.V. increased its holdings in shares of Radian Group Inc. (NYSE:RDN – Free Report) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 291,623 shares of the insurance provider’s stock after acquiring an additional 26,916 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.19% of Radian Group worth $6,445,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in Radian Group by 1.1% during the 4th quarter. Franklin Resources Inc. now owns 48,598 shares of the insurance provider’s stock valued at $927,000 after purchasing an additional 516 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in Radian Group by 2,130.1% during the 4th quarter. Dark Forest Capital Management LP now owns 5,999 shares of the insurance provider’s stock valued at $114,000 after purchasing an additional 5,730 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Radian Group in the fourth quarter worth about $315,000. Aigen Investment Management LP bought a new position in shares of Radian Group in the fourth quarter worth about $218,000. Finally, Skba Capital Management LLC raised its stake in shares of Radian Group by 24.3% in the fourth quarter. Skba Capital Management LLC now owns 432,300 shares of the insurance provider’s stock worth $8,244,000 after acquiring an additional 84,400 shares during the last quarter.
Analyst Upgrades and Downgrades
RDN has been the subject of a number of research analyst reports. Bank of America downgraded shares of Radian Group from a “buy” rating to an “underperform” rating in a research note on Tuesday, May 9th. Compass Point raised shares of Radian Group from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, April 11th. StockNews.com initiated coverage on shares of Radian Group in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods downgraded shares of Radian Group from an “outperform” rating to a “market perform” rating and set a $27.50 target price for the company. in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.83.
Insider Activity at Radian Group
In related news, Chairman Howard Bernard Culang sold 12,975 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $26.00, for a total transaction of $337,350.00. Following the completion of the transaction, the chairman now owns 8,050 shares in the company, valued at $209,300. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Edward J. Hoffman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $25.98, for a total value of $779,400.00. Following the completion of the transaction, the executive vice president now owns 124,784 shares in the company, valued at $3,241,888.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Howard Bernard Culang sold 12,975 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $26.00, for a total transaction of $337,350.00. Following the completion of the transaction, the chairman now owns 8,050 shares of the company’s stock, valued at approximately $209,300. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,892 shares of company stock worth $3,242,329. 1.58% of the stock is currently owned by company insiders.
Radian Group Trading Up 0.3 %
RDN opened at $27.00 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 6.22, a price-to-earnings-growth ratio of 1.64 and a beta of 1.09. The firm has a 50 day simple moving average of $25.79 and a 200 day simple moving average of $23.69. Radian Group Inc. has a fifty-two week low of $17.83 and a fifty-two week high of $27.39.
Radian Group (NYSE:RDN – Get Free Report) last issued its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.23. The firm had revenue of $310.62 million during the quarter, compared to analysts’ expectations of $313.37 million. Radian Group had a net margin of 59.55% and a return on equity of 19.90%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 earnings per share. On average, sell-side analysts anticipate that Radian Group Inc. will post 3.28 earnings per share for the current year.
Radian Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Tuesday, May 30th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Friday, May 26th. Radian Group’s dividend payout ratio is currently 20.74%.
About Radian Group
Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. The company operates through Mortgage and Homegenius segments. The Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting solutions.
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