GAMMA Investing LLC Raises Stock Position in Radian Group Inc. $RDN

GAMMA Investing LLC lifted its position in Radian Group Inc. (NYSE:RDN) by 17.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,635 shares of the insurance provider’s stock after buying an additional 1,272 shares during the period. GAMMA Investing LLC’s holdings in Radian Group were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in shares of Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 572 shares during the period. Covestor Ltd raised its holdings in Radian Group by 42.6% during the first quarter. Covestor Ltd now owns 1,927 shares of the insurance provider’s stock valued at $64,000 after acquiring an additional 576 shares during the period. Virtus Advisers LLC bought a new position in shares of Radian Group in the first quarter worth about $88,000. Jones Financial Companies Lllp grew its position in shares of Radian Group by 14.8% during the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 357 shares in the last quarter. Finally, US Bancorp DE raised its stake in Radian Group by 22.7% during the 1st quarter. US Bancorp DE now owns 3,972 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 735 shares during the period. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling

In other news, EVP Edward J. Hoffman sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the sale, the executive vice president owned 153,708 shares in the company, valued at approximately $5,687,196. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.01% of the company’s stock.

Radian Group Price Performance

NYSE RDN opened at $37.00 on Friday. The company has a market cap of $5.01 billion, a PE ratio of 9.32 and a beta of 0.75. The firm’s 50 day moving average price is $34.73 and its 200-day moving average price is $33.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $38.84.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. The company had revenue of $318.00 million for the quarter, compared to analyst estimates of $321.97 million. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Sell-side analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 25th. Radian Group’s payout ratio is currently 25.69%.

Analyst Ratings Changes

RDN has been the topic of several research reports. Zacks Research raised Radian Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Keefe, Bruyette & Woods cut shares of Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price target on the stock. in a research report on Monday, July 7th. Barclays increased their price objective on shares of Radian Group from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Finally, UBS Group restated a “neutral” rating and set a $38.00 target price (up from $36.00) on shares of Radian Group in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.00.

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.