State of Wyoming Invests $1.05 Million in Radian Group Inc. $RDN

State of Wyoming bought a new position in shares of Radian Group Inc. (NYSE:RDN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 27,764 shares of the insurance provider’s stock, valued at approximately $1,046,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Radian Group during the fourth quarter worth $77,364,000. Balyasny Asset Management L.P. boosted its stake in shares of Radian Group by 151.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock valued at $67,842,000 after purchasing an additional 1,128,852 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of 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 worth $108,411,000 after purchasing an additional 916,003 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Radian Group by 59.7% in the 3rd quarter. Millennium Management LLC now owns 1,007,172 shares of the insurance provider’s stock worth $36,480,000 after purchasing an additional 376,533 shares during the last quarter. Finally, Aegis Financial Corp acquired a new stake in shares of Radian Group during the 1st quarter worth about $9,768,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank Of Canada initiated coverage on shares of Radian Group in a research report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price target on the stock. Weiss Ratings raised shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. Barclays cut their target price on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, August 10th. Keefe, Bruyette & Woods reduced their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.17.

Insider Activity at Radian Group

In related news, CEO Michael S. Weinbach bought 120,487 shares of Radian Group stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $33.89 per share, for a total transaction of $4,083,304.43. Following the completion of the transaction, the chief executive officer owned 120,487 shares of the company’s stock, valued at approximately $4,083,304.43. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Margaret Anne Leyden sold 2,070 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $34.59, for a total transaction of $71,601.30. Following the sale, the director directly owned 6,864 shares in the company, 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. In the last three months, insiders sold 15,517 shares of company stock valued at $557,610. Insiders own 2.03% of the company’s stock.

Radian Group Stock Performance

Shares of NYSE:RDN opened at $37.20 on Friday. The business has a fifty day moving average of $37.21 and a 200-day moving average of $35.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.58 and a current ratio of 0.60. Radian Group Inc. has a twelve month low of $31.50 and a twelve month high of $41.05. The firm has a market cap of $4.92 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.89 and a beta of 0.72.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) 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 company had revenue of $574.96 million for the quarter, compared to analyst estimates of $556.55 million. During the same quarter last year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 92.3% on a year-over-year basis. On average, equities research analysts predict that Radian Group Inc. will post 4.93 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 paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.7%. Radian Group’s payout ratio is currently 26.22%.

Radian Group 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.