Inceptionr LLC Purchases New Shares in Radian Group Inc. (NYSE:RDN)

Inceptionr LLC purchased a new stake in shares of Radian Group Inc. (NYSE:RDN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,620 shares of the insurance provider’s stock, valued at approximately $876,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC raised its holdings in Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after buying an additional 485 shares during the period. Smartleaf Asset Management LLC increased its stake in Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 1,320 shares during the period. Jones Financial Companies Lllp increased its stake in Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock worth $76,000 after purchasing an additional 2,119 shares during the period. Blue Trust Inc. increased its stake in Radian Group by 21.1% in the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 528 shares during the period. Finally, KBC Group NV increased its stake in Radian Group by 19.0% in the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 716 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Transactions at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the transaction, the director now directly owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.16% of the company’s stock.

Wall Street Analysts Forecast Growth

RDN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. UBS Group raised their price target on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.80.

Radian Group Price Performance

Shares of NYSE RDN opened at $31.64 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The company has a market cap of $4.59 billion, a PE ratio of 8.05, a P/E/G ratio of 1.73 and a beta of 1.04. The business has a 50-day simple moving average of $32.68 and a two-hundred day simple moving average of $33.85. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, equities analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.22%. This is a boost from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 24th. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

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.