Vise Technologies Inc. Acquires Shares of 24,699 Radian Group Inc. $RDN

Vise Technologies Inc. bought a new stake in Radian Group Inc. (NYSE:RDN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,699 shares of the insurance provider’s stock, valued at approximately $930,000.

Several other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG purchased a new stake in shares of Radian Group during the second quarter valued at $13,071,000. Fifth Third Bancorp increased its stake in Radian Group by 17,199.1% in the 1st quarter. Fifth Third Bancorp now owns 156,903 shares of the insurance provider’s stock worth $5,190,000 after buying an additional 155,996 shares during the period. Jefferies Financial Group Inc. increased its stake in Radian Group by 331.2% in the 4th quarter. Jefferies Financial Group Inc. now owns 94,867 shares of the insurance provider’s stock worth $3,414,000 after buying an additional 72,867 shares during the period. GSA Capital Partners LLP bought a new stake in Radian Group during the 2nd quarter valued at about $2,801,000. Finally, Donald Smith & CO. Inc. boosted its position in Radian Group by 43.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock valued at $108,411,000 after buying an additional 916,003 shares during the period. Institutional investors own 95.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on RDN. Weiss Ratings upgraded shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Radian Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and boosted their price target for the company from $35.00 to $43.00 in a report on Wednesday, April 29th. Barclays reduced their price objective on Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, August 10th. Finally, Royal Bank Of Canada initiated coverage on Radian Group in a research report on Friday, May 22nd. They set an “outperform” rating and a $47.00 target price for the company. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.17.

Insider Buying and Selling

In other news, Chairman Howard Bernard Culang sold 3,612 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $36.00, for a total value of $130,032.00. Following the completion of the transaction, the chairman directly owned 8,050 shares of the company’s stock, valued at approximately $289,800. The trade was a 30.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Margaret Anne Leyden sold 2,070 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $34.59, for a total value of $71,601.30. Following the sale, the director owned 6,864 shares of the company’s stock, valued at $237,425.76. This trade represents a 23.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 15,517 shares of company stock worth $557,610 over the last quarter. Insiders own 2.03% of the company’s stock.

Radian Group Trading Up 0.1%

NYSE RDN opened at $36.61 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 0.89 and a beta of 0.72. The company’s 50-day simple moving average is $37.45 and its two-hundred day simple moving average is $35.53. Radian Group Inc. has a one year low of $31.50 and a one year high of $41.05.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The business had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $556.55 million. During the same period in the previous year, the company posted $1.01 EPS. Radian Group’s revenue for the quarter was up 92.3% on a year-over-year basis. Equities analysts forecast that Radian Group Inc. will post 4.86 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.255 per share. The ex-dividend date is Monday, August 24th. This represents a $1.02 dividend on an annualized basis and a yield of 2.8%. Radian Group’s dividend payout ratio is currently 26.22%.

Radian Group Company Profile

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.