Y Intercept Hong Kong Ltd Has $760,000 Stake in Radian Group Inc. (NYSE:RDN)

Y Intercept Hong Kong Ltd grew its holdings in shares of Radian Group Inc. (NYSE:RDN) by 166.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,915 shares of the insurance provider’s stock after acquiring an additional 13,698 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Radian Group were worth $760,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Arizona State Retirement System grew its stake in Radian Group by 0.8% during the second quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock worth $1,319,000 after purchasing an additional 321 shares during the period. Xponance Inc. boosted its holdings in shares of Radian Group by 2.5% during the 2nd quarter. Xponance Inc. now owns 13,121 shares of the insurance provider’s stock worth $408,000 after buying an additional 321 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Radian Group by 1.1% during the 3rd quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock worth $1,089,000 after buying an additional 339 shares during the period. MML Investors Services LLC increased its stake in shares of Radian Group by 4.5% in the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock valued at $295,000 after acquiring an additional 364 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Radian Group by 8.0% during the 3rd quarter. Quantinno Capital Management LP now owns 7,861 shares of the insurance provider’s stock valued at $273,000 after acquiring an additional 579 shares during the period. 95.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Radian Group Stock Performance

NYSE RDN opened at $33.54 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $34.40 and a 200 day simple moving average of $33.88. Radian Group Inc. has a 12-month low of $26.11 and a 12-month high of $37.86. The company has a market cap of $5.00 billion, a P/E ratio of 8.69, a PEG ratio of 1.69 and a beta of 1.04.

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

Radian Group Announces Dividend

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

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.16% of the stock is owned by insiders.

Radian Group Company 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.