Measured Wealth Private Client Group LLC Increases Stake in Radian Group Inc. (NYSE:RDN)

Measured Wealth Private Client Group LLC raised its holdings in shares of Radian Group Inc. (NYSE:RDN) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,848 shares of the insurance provider’s stock after buying an additional 453 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Radian Group were worth $698,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Radian Group in the fourth quarter worth $53,792,000. Hsbc Holdings PLC purchased a new stake in shares of Radian Group in the fourth quarter worth $25,565,000. Donald Smith & CO. Inc. increased its stake in shares of Radian Group by 17.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,012,334 shares of the insurance provider’s stock worth $114,552,000 after purchasing an additional 594,752 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Radian Group in the fourth quarter worth $16,918,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Radian Group in the fourth quarter worth $16,368,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RDN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $35.00 to $36.00 in a research note on Monday, June 3rd. UBS Group raised their target price on shares of Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Radian Group currently has an average rating of “Hold” and an average price target of $31.13.

Insider Buying and Selling at Radian Group

In other news, insider Derek Brummer sold 35,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $31.33, for a total value of $1,096,550.00. Following the completion of the sale, the insider now owns 218,023 shares in the company, valued at approximately $6,830,660.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Derek Brummer sold 35,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $31.33, for a total value of $1,096,550.00. Following the completion of the sale, the insider now owns 218,023 shares in the company, valued at approximately $6,830,660.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Ray sold 65,305 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $31.05, for a total transaction of $2,027,720.25. Following the completion of the sale, the executive vice president now owns 53,791 shares of the company’s stock, valued at approximately $1,670,210.55. The disclosure for this sale can be found here. Insiders sold 117,004 shares of company stock worth $3,651,517 over the last 90 days. 2.16% of the stock is owned by insiders.

Radian Group Price Performance

RDN stock traded up $0.35 during trading on Tuesday, hitting $31.54. 741,224 shares of the company’s stock traded hands, compared to its average volume of 1,111,695. Radian Group Inc. has a 52 week low of $24.34 and a 52 week high of $33.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.80 and a current ratio of 1.80. The business has a fifty day simple moving average of $30.94 and a 200 day simple moving average of $30.07. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.77 and a beta of 1.05.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.83 by $0.20. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The business had revenue of $319.42 million during the quarter, compared to analyst estimates of $314.76 million. During the same quarter last year, the business earned $0.98 earnings per share. Radian Group’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts expect that Radian Group Inc. will post 3.52 EPS for the current fiscal year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.98 annualized dividend and a yield of 3.11%. Radian Group’s dividend payout ratio (DPR) is currently 25.93%.

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.