Radian Group Inc. (NYSE:RDN) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC cut its stake in shares of Radian Group Inc. (NYSE:RDN) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,463 shares of the insurance provider’s stock after selling 332 shares during the quarter. GAMMA Investing LLC’s holdings in Radian Group were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in Radian Group during the 3rd quarter valued at about $27,000. Blue Trust Inc. lifted its holdings in shares of Radian Group by 352.4% during the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 1,949 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Radian Group in the second quarter valued at approximately $116,000. KBC Group NV boosted its position in Radian Group by 19.0% in the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock valued at $155,000 after buying an additional 716 shares during the last quarter. Finally, Forum Financial Management LP acquired a new position in Radian Group in the 3rd quarter worth approximately $201,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Trading Up 0.2 %

Shares of NYSE:RDN opened at $31.71 on Wednesday. The company has a market capitalization of $4.72 billion, a PE ratio of 8.22, a PEG ratio of 1.69 and a beta of 1.06. Radian Group Inc. has a 12-month low of $26.11 and a 12-month high of $37.86. The business has a 50 day moving average of $33.54 and a two-hundred day moving average of $34.08. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The firm had revenue of $319.05 million for the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. As a group, analysts forecast that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group’s dividend payout ratio (DPR) is presently 25.39%.

Analysts Set New Price Targets

Separately, Barclays upped their price objective on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $36.10.

Insider Activity at Radian Group

In related news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the sale, the insider now owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.16% of the stock is owned by company insiders.

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.