Stevens Capital Management LP Buys Shares of 6,713 Radian Group Inc. (NYSE:RDN)

Stevens Capital Management LP purchased a new position in Radian Group Inc. (NYSE:RDN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,713 shares of the insurance provider’s stock, valued at approximately $213,000.

Several other large investors also recently modified their holdings of RDN. LPL Financial LLC increased its position in shares of Radian Group by 177.6% during the 4th quarter. LPL Financial LLC now owns 27,320 shares of the insurance provider’s stock valued at $867,000 after purchasing an additional 17,477 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Radian Group during the 4th quarter worth $2,078,000. American Century Companies Inc. grew its position in shares of Radian Group by 7.9% during the 4th quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock valued at $106,305,000 after acquiring an additional 245,303 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Radian Group in the 4th quarter worth $127,000. Finally, Magnetar Financial LLC bought a new position in Radian Group in the 4th quarter worth $248,000. Institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

NYSE RDN opened at $32.49 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a twelve month low of $29.17 and a twelve month high of $37.86. The business has a 50-day moving average price of $32.67 and a 200-day moving average price of $33.48. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, equities research analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were issued a $0.255 dividend. This is an increase from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group’s payout ratio is currently 25.95%.

Insiders Place Their Bets

In related news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RDN. Keefe, Bruyette & Woods reduced their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. UBS Group lifted their price target on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.80.

Radian Group Profile

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.