Radian Group Inc. (NYSE:RDN) Shares Bought by EMC Capital Management

EMC Capital Management grew its holdings in Radian Group Inc. (NYSE:RDN) by 300.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,401 shares of the insurance provider’s stock after purchasing an additional 13,810 shares during the quarter. Radian Group makes up approximately 0.3% of EMC Capital Management’s portfolio, making the stock its 25th largest holding. EMC Capital Management’s holdings in Radian Group were worth $584,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in Radian Group during the 3rd quarter valued at $27,000. Blue Trust Inc. lifted its position in shares of Radian Group by 352.4% in the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 1,949 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Radian Group during the second quarter valued at $116,000. KBC Group NV increased its position in Radian Group by 19.0% during the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 716 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in Radian Group during the 3rd quarter worth about $201,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Radian Group Stock Up 0.4 %

RDN opened at $34.41 on Thursday. Radian Group Inc. has a 12 month low of $26.11 and a 12 month high of $37.86. The business has a 50-day moving average of $33.18 and a two-hundred day moving average of $34.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 1.81 and a beta of 1.06.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The business had revenue of $319.05 million for the quarter, compared to analysts’ expectations of $320.30 million. On average, research analysts expect that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a dividend of $0.245 per share. The ex-dividend date was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.85%. Radian Group’s payout ratio is 25.39%.

Analysts Set New Price Targets

A number of research firms have issued reports on RDN. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Barclays raised their target price on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Radian Group currently has a consensus rating of “Hold” and an average price target of $36.30.

About Radian Group

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.