Inceptionr LLC Makes New Investment in Radian Group Inc. $RDN

Inceptionr LLC bought a new position in Radian Group Inc. (NYSE:RDN) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 21,199 shares of the insurance provider’s stock, valued at approximately $768,000.

A number of other large investors have also added to or reduced their stakes in RDN. Financial Consulate Inc. purchased a new stake in shares of Radian Group during the 3rd quarter valued at about $29,000. Bessemer Group Inc. boosted its holdings in shares of Radian Group by 66.7% in the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 318 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 572 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in Radian Group during the 3rd quarter valued at $33,000. Finally, Hantz Financial Services Inc. raised its holdings in Radian Group by 178.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,224 shares of the insurance provider’s stock valued at $44,000 after buying an additional 784 shares during the period. Institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on RDN shares. Roth Mkm reaffirmed a “buy” rating and set a $45.00 price objective on shares of Radian Group in a research note on Friday, January 2nd. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $42.00 in a research report on Wednesday, February 11th. Barclays set a $40.00 target price on Radian Group in a research note on Monday, February 23rd. Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Finally, Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.80.

Radian Group Price Performance

Radian Group stock opened at $33.55 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 3.40. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.83 and a beta of 0.79. The firm has a 50-day moving average of $33.93 and a two-hundred day moving average of $34.68. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $38.84.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, February 18th. The insurance provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The business had revenue of $300.51 million for the quarter, compared to analyst estimates of $300.45 million. During the same period last year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, February 23rd. Radian Group’s dividend payout ratio (DPR) is presently 24.58%.

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.