GSA Capital Partners LLP Takes Position in Radian Group Inc. $RDN

GSA Capital Partners LLP purchased a new position in shares of Radian Group Inc. (NYSE:RDN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 74,343 shares of the insurance provider’s stock, valued at approximately $2,801,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 476 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 572 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Radian Group by 65.8% in the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 360 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Radian Group in the third quarter valued at about $34,000. Finally, Global Retirement Partners LLC grew its position in shares of Radian Group by 1,002.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,058 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 962 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Howard Bernard Culang sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.20, for a total transaction of $181,000.00. Following the completion of the sale, the chairman directly owned 11,662 shares in the company, valued at $422,164.40. This trade represents a 30.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Noel Joseph Spiegel sold 4,834 shares of Radian Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total value of $174,942.46. Following the sale, the director directly owned 20,008 shares in the company, valued at approximately $724,089.52. The trade was a 19.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,517 shares of company stock valued at $557,610 over the last ninety days. 2.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RDN. Royal Bank Of Canada assumed coverage on Radian Group in a research report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price objective for the company. Barclays cut their price target on Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. Weiss Ratings upgraded Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday. Keefe, Bruyette & Woods decreased their price objective on Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Finally, Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Radian Group has an average rating of “Moderate Buy” and a consensus target price of $42.17.

Radian Group Price Performance

Shares of NYSE RDN opened at $37.20 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.58. Radian Group Inc. has a 1-year low of $31.50 and a 1-year high of $41.05. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.89 and a beta of 0.72. The business has a 50-day moving average of $37.21 and a 200-day moving average of $35.38.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The company had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $556.55 million. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s revenue was up 92.3% compared to the same quarter last year. On average, equities analysts anticipate that Radian Group Inc. will post 4.93 EPS for the current fiscal year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be paid a $0.255 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.02 annualized dividend and a dividend yield of 2.7%. Radian Group’s dividend payout ratio is 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.