Radian Group Inc. (NYSE:RDN) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC raised its holdings in Radian Group Inc. (NYSE:RDN) by 130.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,049 shares of the insurance provider’s stock after purchasing an additional 7,958 shares during the period. EntryPoint Capital LLC’s holdings in Radian Group were worth $446,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RDN. State Street Corp raised its position in shares of Radian Group by 2.7% during the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock worth $232,433,000 after purchasing an additional 177,142 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Radian Group by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock valued at $193,307,000 after acquiring an additional 248,423 shares during the last quarter. FMR LLC lifted its position in shares of Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock valued at $124,476,000 after acquiring an additional 12,834 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Radian Group by 7.9% in the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock worth $106,305,000 after acquiring an additional 245,303 shares during the last quarter. Finally, River Road Asset Management LLC increased its position in shares of Radian Group by 0.3% during the fourth quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider’s stock worth $52,160,000 after purchasing an additional 5,524 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Trading Up 0.6 %

Shares of RDN opened at $32.69 on Wednesday. Radian Group Inc. has a 12-month low of $29.17 and a 12-month high of $37.86. The firm has a market capitalization of $4.74 billion, a P/E ratio of 8.32, a P/E/G ratio of 1.73 and a beta of 1.04. The firm has a 50-day moving average price of $32.69 and a 200 day moving average price of $33.46. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50.

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, beating the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Sell-side analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is 25.95%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RDN shares. UBS Group lifted their target price on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods cut their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.80.

Insider Transactions at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now directly owns 344 shares of the company’s stock, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.16% of the company’s stock.

Radian Group Company 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.