EMG Holdings L.P. Makes New Investment in Radian Group Inc. (NYSE:RDN)

EMG Holdings L.P. bought a new position in shares of Radian Group Inc. (NYSE:RDN) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 75,465 shares of the insurance provider’s stock, valued at approximately $2,347,000. Radian Group makes up approximately 1.2% of EMG Holdings L.P.’s portfolio, making the stock its 12th largest position. EMG Holdings L.P. owned approximately 0.05% of Radian Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System raised its stake in shares of Radian Group by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock valued at $1,319,000 after purchasing an additional 321 shares during the period. Measured Wealth Private Client Group LLC raised its stake in shares of Radian Group by 2.2% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 20,848 shares of the insurance provider’s stock valued at $698,000 after purchasing an additional 453 shares during the period. Astoria Portfolio Advisors LLC. raised its stake in shares of Radian Group by 6.7% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 7,482 shares of the insurance provider’s stock valued at $250,000 after purchasing an additional 470 shares during the period. Tidal Investments LLC raised its stake in shares of Radian Group by 5.2% in the 1st quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 474 shares during the period. Finally, Hexagon Capital Partners LLC raised its stake in shares of Radian Group by 37.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock valued at $70,000 after purchasing an additional 611 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares in the company, valued at $6,595,877.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO Mary Dickerson sold 19,511 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total transaction of $701,030.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total value of $1,243,010.08. Following the sale, the insider now owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,772 shares of company stock worth $4,260,796. Company insiders own 2.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RDN shares. Keefe, Bruyette & Woods lifted their target price on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Barclays lifted their target price on Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Roth Mkm lifted their target price on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada lifted their target price on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.90.

Radian Group Trading Up 0.0 %

Radian Group stock opened at $35.43 on Friday. Radian Group Inc. has a 52 week low of $24.56 and a 52 week high of $37.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $5.33 billion, a P/E ratio of 9.37, a PEG ratio of 1.80 and a beta of 1.05. The stock has a 50-day simple moving average of $35.10 and a 200 day simple moving average of $32.48.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. The business had revenue of $312.37 million during the quarter, compared to analysts’ expectations of $324.00 million. Analysts expect that Radian Group Inc. will post 3.75 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group’s payout ratio is currently 25.93%.

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.