WINTON GROUP Ltd Acquires 177,466 Shares of Radian Group Inc. (NYSE:RDN)

WINTON GROUP Ltd boosted its holdings in shares of Radian Group Inc. (NYSE:RDN) by 509.5% in the 2nd quarter, Holdings Channel reports. The firm owned 212,295 shares of the insurance provider’s stock after buying an additional 177,466 shares during the period. WINTON GROUP Ltd’s holdings in Radian Group were worth $6,602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDN. Fifth Third Bancorp lifted its stake in Radian Group by 859.3% during the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 1,160 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Radian Group during the fourth quarter worth $46,000. Hexagon Capital Partners LLC increased its holdings in shares of Radian Group by 75.3% during the first quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock worth $55,000 after buying an additional 709 shares in the last quarter. CWM LLC increased its holdings in shares of Radian Group by 539.9% during the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after buying an additional 1,679 shares in the last quarter. Finally, AXS Investments LLC acquired a new position in shares of Radian Group during the fourth quarter worth $66,000. 95.33% of the stock is currently owned by institutional investors.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 35,153 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Derek Brummer sold 35,153 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sumita Pandit sold 3,817 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.23, for a total transaction of $130,655.91. The disclosure for this sale can be found here. Insiders have sold 119,772 shares of company stock valued at $4,260,796 in the last 90 days. 2.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RDN has been the subject of a number of recent research reports. UBS Group increased their price objective on Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Roth Mkm increased their price objective on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays increased their price objective on Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Royal Bank of Canada increased their price objective on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.90.

Radian Group Stock Performance

Shares of Radian Group stock opened at $35.13 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $34.80 and a two-hundred day moving average price of $32.29. Radian Group Inc. has a 1-year low of $24.56 and a 1-year high of $37.86. The company has a market cap of $5.29 billion, a P/E ratio of 9.29, a PEG ratio of 1.80 and a beta of 1.05.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The firm had revenue of $312.37 million during the quarter, compared to the consensus estimate of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. As a group, analysts anticipate that Radian Group Inc. will post 3.75 EPS for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a dividend of $0.245 per share. The ex-dividend date was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.79%. Radian Group’s dividend payout ratio (DPR) is presently 25.93%.

About Radian Group

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.