Capital Fund Management S.A. Takes Position in Radian Group Inc. $RDN

Capital Fund Management S.A. bought a new position in shares of Radian Group Inc. (NYSE:RDN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 96,343 shares of the insurance provider’s stock, valued at approximately $3,470,000.

A number of other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in Radian Group by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,340,962 shares of the insurance provider’s stock worth $209,696,000 after purchasing an additional 246,799 shares during the period. American Century Companies Inc. lifted its stake in shares of Radian Group by 5.2% during the 2nd quarter. American Century Companies Inc. now owns 3,848,434 shares of the insurance provider’s stock worth $138,621,000 after buying an additional 190,184 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Radian Group during the 2nd quarter worth about $69,714,000. Ameriprise Financial Inc. grew its stake in Radian Group by 5.3% in the 1st quarter. Ameriprise Financial Inc. now owns 1,569,410 shares of the insurance provider’s stock valued at $51,902,000 after buying an additional 79,159 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Radian Group by 11,446.4% in the 1st quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider’s stock valued at $43,339,000 after acquiring an additional 1,299,167 shares during the period. Institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays boosted their price objective on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a report on Monday. UBS Group dropped their target price on Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Radian Group Price Performance

Shares of NYSE RDN opened at $35.51 on Wednesday. The business has a fifty day moving average price of $34.68 and a two-hundred day moving average price of $34.62. The stock has a market capitalization of $4.81 billion, a PE ratio of 8.94 and a beta of 0.81. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.68 and a quick ratio of 1.68. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. The company had revenue of $303.19 million for the quarter, compared to analysts’ expectations of $308.77 million. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.Radian Group’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. As a group, equities analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, November 24th. Radian Group’s dividend payout ratio (DPR) is currently 25.44%.

Insider Activity at Radian Group

In other news, EVP Edward J. Hoffman sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $37.00, for a total transaction of $370,000.00. Following the completion of the sale, the executive vice president owned 153,708 shares of the company’s stock, valued at approximately $5,687,196. This represents a 6.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.01% of the company’s stock.

About Radian Group

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.