XTX Topco Ltd Makes New $2.33 Million Investment in Radian Group Inc. (NYSE:RDN)

XTX Topco Ltd acquired a new position in shares of Radian Group Inc. (NYSE:RDN) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 70,568 shares of the insurance provider’s stock, valued at approximately $2,334,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RDN. Covestor Ltd increased its holdings in Radian Group by 35.6% during the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 355 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Radian Group by 13.9% in the 1st quarter. GAMMA Investing LLC now owns 7,363 shares of the insurance provider’s stock valued at $243,000 after acquiring an additional 900 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Radian Group by 9.8% in the 4th quarter. Quantinno Capital Management LP now owns 8,629 shares of the insurance provider’s stock valued at $274,000 after acquiring an additional 768 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Radian Group by 11.4% in the 4th quarter. HighTower Advisors LLC now owns 8,824 shares of the insurance provider’s stock valued at $280,000 after acquiring an additional 900 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Radian Group by 27.8% in the 1st quarter. Cerity Partners LLC now owns 11,324 shares of the insurance provider’s stock valued at $374,000 after acquiring an additional 2,465 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Trading Up 1.2%

NYSE:RDN opened at $33.91 on Wednesday. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $37.86. The firm has a market capitalization of $4.56 billion, a P/E ratio of 8.63 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44. The business has a 50 day simple moving average of $34.48 and a 200 day simple moving average of $33.29.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Radian Group had a return on equity of 13.54% and a net margin of 46.29%. The business had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group declared that its Board of Directors has initiated a share buyback program on Wednesday, May 21st that allows the company to buyback $750.00 million in shares. This buyback authorization allows the insurance provider to buy up to 16.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.01%. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

Insider Activity at Radian Group

In other Radian Group news, EVP Eric Ray sold 30,000 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.30, for a total transaction of $999,000.00. Following the completion of the transaction, the executive vice president owned 13,957 shares in the company, valued at approximately $464,768.10. The trade was a 68.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Edward J. Hoffman sold 20,000 shares of the business’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $36.00, for a total value of $720,000.00. Following the transaction, the executive vice president owned 161,586 shares of the company’s stock, valued at $5,817,096. This trade represents a 11.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,378 shares of company stock worth $2,944,414 in the last ninety days. 2.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays boosted their price target on Radian Group from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Compass Point downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 23rd. UBS Group reiterated a “neutral” rating and issued a $38.00 price target (up from $36.00) on shares of Radian Group in a report on Monday, July 14th. Finally, Keefe, Bruyette & Woods downgraded Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price target for the company. in a report on Monday, July 7th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.50.

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.