Cwm LLC Grows Stock Position in Radian Group Inc. $RDN

Cwm LLC increased its stake in Radian Group Inc. (NYSE:RDN) by 75.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,092 shares of the insurance provider’s stock after buying an additional 23,674 shares during the quarter. Cwm LLC’s holdings in Radian Group were worth $1,995,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RDN. Geneos Wealth Management Inc. raised its stake in shares of Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 572 shares during the period. Headlands Technologies LLC purchased a new stake in Radian Group in the 2nd quarter worth about $50,000. EverSource Wealth Advisors LLC lifted its stake in Radian Group by 94.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 901 shares during the last quarter. Allworth Financial LP boosted its position in shares of Radian Group by 1,049.7% during the second quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider’s stock valued at $68,000 after buying an additional 1,732 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Radian Group by 14.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after buying an additional 344 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RDN. Barclays raised their price target on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th. Roth Capital reiterated a “buy” rating and set a $45.00 target price on shares of Radian Group in a research report on Friday. UBS Group cut their price target on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Radian Group in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Radian Group Trading Down 0.2%

NYSE:RDN opened at $35.92 on Friday. The firm has a 50-day simple moving average of $35.29 and a 200-day simple moving average of $34.96. Radian Group Inc. has a one year low of $29.32 and a one year high of $38.84. The firm has a market cap of $4.87 billion, a P/E ratio of 8.96 and a beta of 0.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.20. The company had revenue of $303.19 million for the quarter, compared to analyst estimates of $308.77 million. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. Radian Group’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. Equities analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were issued a $0.255 dividend. The ex-dividend date was Monday, November 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.8%. Radian Group’s dividend payout ratio (DPR) is currently 25.44%.

Insider Activity at Radian Group

In related news, EVP Eric Ray sold 13,957 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total transaction of $496,869.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.01% of the company’s stock.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.