Mather Group LLC. Makes New Investment in Radian Group Inc. (NYSE:RDN)

Mather Group LLC. bought a new stake in Radian Group Inc. (NYSE:RDN) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,728 shares of the insurance provider’s stock, valued at approximately $125,000.

Other large investors have also modified their holdings of the company. Hexagon Capital Partners LLC lifted its stake in Radian Group by 145.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 557 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Radian Group in the 4th quarter valued at about $46,000. AXS Investments LLC acquired a new stake in Radian Group during the fourth quarter worth about $66,000. GAMMA Investing LLC bought a new position in Radian Group in the fourth quarter worth about $101,000. Finally, CI Investments Inc. acquired a new position in Radian Group in the third quarter valued at approximately $148,000. Institutional investors own 95.33% of the company’s stock.

Insider Activity

In other Radian Group news, insider Derek Brummer sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was 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 directly owns 218,023 shares in the company, valued at $6,830,660.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Radian Group news, insider Derek Brummer sold 35,000 shares of the business’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 sale, the insider now directly owns 218,023 shares in the company, valued at $6,830,660.59. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $31.05, for a total transaction of $2,027,720.25. Following the transaction, 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 three months. Corporate insiders own 2.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RDN. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $35.00 to $36.00 in a research report on Monday, June 3rd. UBS Group increased their target price on Radian Group from $30.00 to $31.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.13.

Radian Group Stock Performance

Shares of RDN stock opened at $30.96 on Friday. Radian Group Inc. has a 12-month low of $24.34 and a 12-month high of $33.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The business has a 50 day simple moving average of $30.75 and a 200 day simple moving average of $29.79.

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

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Tuesday, June 4th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Tuesday, June 4th. Radian Group’s dividend payout ratio is currently 25.93%.

Radian Group Company 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.