Denali Advisors LLC Raises Position in Radian Group Inc. $RDN

Denali Advisors LLC raised its holdings in shares of Radian Group Inc. (NYSE:RDN) by 671.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,600 shares of the insurance provider’s stock after buying an additional 42,300 shares during the quarter. Denali Advisors LLC’s holdings in Radian Group were worth $1,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 476 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Radian Group by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 360 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Radian Group in the third quarter worth approximately $34,000. Finally, Global Retirement Partners LLC purchased a new stake in Radian Group in the second quarter valued at approximately $37,000. 95.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Radian Group news, CEO Michael S. Weinbach purchased 49,513 shares of the stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $34.04 per share, with a total value of $1,685,422.52. Following the transaction, the chief executive officer directly owned 170,000 shares of the company’s stock, valued at approximately $5,786,800. This trade represents a 41.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Margaret Anne Leyden sold 2,070 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $34.59, for a total value of $71,601.30. Following the completion of the sale, the director owned 6,864 shares of the company’s stock, valued at approximately $237,425.76. This trade represents a 23.17% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 15,517 shares of company stock valued at $557,610 over the last three months. Company insiders own 2.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on RDN. Wall Street Zen lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Barclays lowered their price objective on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, August 10th. Weiss Ratings raised shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods reduced their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada assumed coverage on Radian Group in a research report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.17.

Radian Group Stock Down 1.2%

Shares of Radian Group stock opened at $36.40 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.60. Radian Group Inc. has a 52-week low of $31.50 and a 52-week high of $41.05. The company’s 50 day moving average price is $37.36 and its 200-day moving average price is $35.48. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 0.89 and a beta of 0.72.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The firm had revenue of $574.96 million during the quarter, compared to the consensus estimate of $556.55 million. During the same period last year, the business earned $1.01 EPS. Radian Group’s revenue was up 92.3% on a year-over-year basis. Equities research analysts forecast that Radian Group Inc. will post 4.86 EPS for the current year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, August 24th. Radian Group’s dividend payout ratio is currently 26.22%.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.