Y Intercept Hong Kong Ltd Has $3.26 Million Stock Holdings in Radian Group Inc. $RDN

Y Intercept Hong Kong Ltd lowered its stake in Radian Group Inc. (NYSE:RDN) by 33.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,018 shares of the insurance provider’s stock after selling 46,047 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.07% of Radian Group worth $3,260,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Consulate Inc. bought a new position in Radian Group in the 3rd quarter valued at about $29,000. Geneos Wealth Management Inc. increased its stake in Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 572 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in Radian Group during the third quarter valued at approximately $33,000. Headlands Technologies LLC bought a new stake in Radian Group during the second quarter worth $50,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Radian Group by 94.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 901 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Insiders Place Their Bets

In other Radian Group news, EVP Eric Ray sold 13,957 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.16% of the stock is owned by company insiders.

Radian Group Stock Performance

Shares of RDN stock opened at $33.19 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67. The firm’s 50-day simple moving average is $35.16 and its two-hundred day simple moving average is $34.75. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $38.84. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 8.28 and a beta of 0.82.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. The company had revenue of $303.19 million during the quarter, compared to analyst estimates of $308.77 million. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. As a group, equities analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were issued a $0.255 dividend. The ex-dividend date was Monday, November 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.1%. Radian Group’s payout ratio is 25.44%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RDN shares. UBS Group dropped their target price on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Roth Mkm restated a “buy” rating and set a $45.00 price objective on shares of Radian Group in a research report on Friday, January 2nd. Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays raised their price target on shares of Radian Group from $35.00 to $37.00 and gave the company a “cautious” rating in a research note on Monday, October 6th. Finally, Keefe, Bruyette & Woods upped their target price on Radian Group from $40.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.00.

About Radian Group

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.