15,255 Shares in Radian Group Inc. (NYSE:RDN) Acquired by Algert Global LLC

Algert Global LLC bought a new stake in Radian Group Inc. (NYSE:RDN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,255 shares of the insurance provider’s stock, valued at approximately $474,000.

Several other large investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its stake in Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 1,160 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Radian Group by 75.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock valued at $55,000 after acquiring an additional 709 shares during the last quarter. CWM LLC increased its holdings in shares of Radian Group by 539.9% in the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 1,679 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Radian Group in the 1st quarter valued at about $105,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Radian Group during the 2nd quarter worth approximately $116,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Stock Down 2.0 %

RDN opened at $34.12 on Tuesday. Radian Group Inc. has a 12 month low of $24.62 and a 12 month high of $37.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market cap of $5.14 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.89 and a beta of 1.05. The stock’s 50 day moving average price is $34.97 and its 200 day moving average price is $32.81.

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

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were given a dividend of $0.245 per share. The ex-dividend date was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a yield of 2.87%. Radian Group’s payout ratio is 25.93%.

Insider Activity at Radian Group

In other Radian Group news, EVP Eric Ray sold 53,791 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Eric Ray sold 53,791 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the sale, the insider now directly owns 186,535 shares in the company, valued at $6,595,877.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,772 shares of company stock valued at $4,260,796. Insiders own 2.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. 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 note on Friday, August 2nd. Royal Bank of Canada upped their price objective 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. Barclays upped their price objective 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. Finally, Keefe, Bruyette & Woods upped their target price on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Radian Group has an average rating of “Hold” and an average target price of $35.90.

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.