GAMMA Investing LLC Buys 2,284 Shares of Radian Group Inc. (NYSE:RDN)

by · The Markets Daily

GAMMA Investing LLC lifted its stake in Radian Group Inc. (NYSE:RDN – Free Report) by 50.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,795 shares of the insurance provider’s stock after buying an additional 2,284 shares during the period. GAMMA Investing LLC’s holdings in Radian Group were worth $236,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Radian Group by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock worth $684,096,000 after acquiring an additional 69,383 shares during the period. LSV Asset Management lifted its position in Radian Group by 0.8% in the first quarter. LSV Asset Management now owns 6,863,814 shares of the insurance provider’s stock worth $229,732,000 after purchasing an additional 52,397 shares during the period. Dimensional Fund Advisors LP boosted its stake in Radian Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock worth $172,365,000 after buying an additional 89,363 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Radian Group by 0.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock valued at $97,437,000 after buying an additional 25,862 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Radian Group by 18.2% in the 2nd quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock valued at $88,136,000 after buying an additional 435,751 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RDN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays increased their target price on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday. Roth Mkm upped their price target on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada increased their price objective on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.10.

Get Our Latest Analysis on Radian Group

Insiders Place Their Bets

In related news, CFO Sumita Pandit sold 3,817 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total value of $130,655.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the transaction, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,772 shares of company stock worth $4,260,796. Insiders own 2.16% of the company’s stock.

Radian Group Stock Up 0.7 %

NYSE:RDN opened at $34.42 on Friday. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 9.11, a P/E/G ratio of 1.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. The stock’s fifty day moving average price is $34.83 and its two-hundred day moving average price is $32.84. Radian Group Inc. has a 52-week low of $24.62 and a 52-week high of $37.86.

Radian Group (NYSE:RDN – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.12. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. The business had revenue of $312.37 million for the quarter, compared to analysts’ expectations of $324.00 million. On average, analysts anticipate that Radian Group Inc. will post 3.75 EPS for the current year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were issued a $0.245 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a yield of 2.85%. Radian Group’s dividend payout ratio is presently 25.93%.

Radian Group Profile

(Free Report)

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.

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