Quantbot Technologies LP Purchases New Position in Radian Group Inc. (NYSE:RDN)

Quantbot Technologies LP acquired a new position in shares of Radian Group Inc. (NYSE:RDN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,991 shares of the insurance provider’s stock, valued at approximately $127,000.

Several other large investors have also recently added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new position in shares of Radian Group in the 4th quarter worth approximately $248,000. Teacher Retirement System of Texas boosted its stake in Radian Group by 17.7% in the fourth quarter. Teacher Retirement System of Texas now owns 33,962 shares of the insurance provider’s stock worth $1,077,000 after purchasing an additional 5,109 shares in the last quarter. Xponance Inc. boosted its stake in Radian Group by 9.0% in the fourth quarter. Xponance Inc. now owns 10,841 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 892 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Radian Group during the fourth quarter worth $450,000. Finally, Royce & Associates LP increased its stake in shares of Radian Group by 9.5% in the fourth quarter. Royce & Associates LP now owns 91,603 shares of the insurance provider’s stock valued at $2,906,000 after buying an additional 7,914 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Radian Group Stock Performance

Radian Group stock opened at $32.83 on Monday. The company has a market cap of $4.76 billion, a PE ratio of 8.35, a PEG ratio of 1.73 and a beta of 1.04. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86. The company’s 50-day moving average is $32.70 and its two-hundred day moving average is $33.43.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Equities analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were given a $0.255 dividend. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RDN shares. UBS Group increased their price objective on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.80.

Insider Buying and Selling

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now directly owns 344 shares of the company’s stock, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.16% of the stock is owned by insiders.

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.