Xponance Inc. Buys 538 Shares of Radian Group Inc. (NYSE:RDN)

Xponance Inc. raised its stake in Radian Group Inc. (NYSE:RDN) by 5.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 11,379 shares of the insurance provider’s stock after purchasing an additional 538 shares during the quarter. Xponance Inc.’s holdings in Radian Group were worth $376,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd increased its holdings in shares of Radian Group by 35.6% in the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock worth $43,000 after buying an additional 355 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Radian Group in the 4th quarter worth $127,000. Stevens Capital Management LP bought a new position in shares of Radian Group in the 4th quarter worth $213,000. GAMMA Investing LLC grew its holdings in shares of Radian Group by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 7,363 shares of the insurance provider’s stock valued at $243,000 after purchasing an additional 900 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Radian Group during the 4th quarter valued at $248,000. Institutional investors own 95.33% of the company’s stock.

Radian Group Trading Down 0.5%

Shares of NYSE RDN opened at $33.82 on Friday. The stock has a market cap of $4.54 billion, a P/E ratio of 8.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $37.86. The firm has a 50-day moving average of $34.52 and a 200 day moving average of $33.16.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. Radian Group had a net margin of 46.29% and a return on equity of 13.54%. Radian Group’s revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. As a group, sell-side analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were paid a $0.255 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.02%. Radian Group’s dividend payout ratio is presently 25.95%.

Radian Group announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 21st that allows the company to buyback $750.00 million in shares. This buyback authorization allows the insurance provider to purchase up to 16.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently commented on RDN. Compass Point lowered shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 23rd. UBS Group reaffirmed a “neutral” rating and set a $38.00 target price (up previously from $36.00) on shares of Radian Group in a report on Monday, July 14th. Keefe, Bruyette & Woods lowered shares of Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 target price on the stock. in a report on Monday, July 7th. Finally, Barclays increased their target price on shares of Radian Group from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $37.50.

Insider Transactions at Radian Group

In other news, Director Lisa Mumford sold 2,500 shares of Radian Group stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $33.45, for a total value of $83,625.00. Following the completion of the sale, the director directly owned 22,329 shares in the company, valued at $746,905.05. The trade was a 10.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Edward J. Hoffman sold 20,000 shares of Radian Group stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $36.00, for a total transaction of $720,000.00. Following the completion of the sale, the executive vice president owned 161,586 shares of the company’s stock, valued at $5,817,096. This represents a 11.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,378 shares of company stock valued at $2,944,414. Company insiders own 2.01% of the company’s stock.

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.