Radian Group Inc. (NYSE:RDN) Shares Purchased by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. increased its position in shares of Radian Group Inc. (NYSE:RDN) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,482 shares of the insurance provider’s stock after purchasing an additional 470 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Radian Group were worth $250,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RDN. Norges Bank acquired a new position in Radian Group during the fourth quarter worth $53,792,000. Hsbc Holdings PLC acquired a new position in Radian Group during the fourth quarter worth $25,565,000. Donald Smith & CO. Inc. raised its holdings in Radian Group by 17.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,012,334 shares of the insurance provider’s stock worth $114,552,000 after purchasing an additional 594,752 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Radian Group during the fourth quarter worth $16,918,000. Finally, Assenagon Asset Management S.A. acquired a new position in Radian Group during the fourth quarter worth $16,368,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on RDN. Keefe, Bruyette & Woods raised Radian Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $35.00 to $36.00 in a report on Monday, June 3rd. UBS Group boosted their price target on Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.13.

Insider Activity

In other news, Chairman Howard Bernard Culang sold 10,804 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $31.45, for a total value of $339,785.80. Following the completion of the sale, the chairman now owns 8,050 shares in the company, valued at $253,172.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Chairman Howard Bernard Culang sold 10,804 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $31.45, for a total value of $339,785.80. Following the completion of the transaction, the chairman now owns 8,050 shares of the company’s stock, valued at $253,172.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noel Joseph Spiegel sold 5,895 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $31.80, for a total value of $187,461.00. Following the completion of the transaction, the director now directly owns 20,008 shares of the company’s stock, valued at approximately $636,254.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,004 shares of company stock worth $3,651,517. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Price Performance

RDN stock opened at $31.10 on Friday. The stock has a 50-day moving average price of $30.90 and a two-hundred day moving average price of $30.01. Radian Group Inc. has a 12-month low of $24.34 and a 12-month high of $33.69. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.39. The company has a market cap of $4.68 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04.

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

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Tuesday, June 4th were paid a $0.245 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.15%. Radian Group’s dividend payout ratio (DPR) 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.