AlphaQuest LLC Trims Stake in Radian Group Inc. (NYSE:RDN)

AlphaQuest LLC reduced its position in Radian Group Inc. (NYSE:RDN) by 53.9% in the 4th quarter, Holdings Channel reports. The firm owned 15,428 shares of the insurance provider’s stock after selling 18,046 shares during the period. AlphaQuest LLC’s holdings in Radian Group were worth $489,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC lifted its holdings in shares of Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 485 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock valued at $75,000 after acquiring an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Radian Group by 735.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 2,119 shares during the last quarter. Blue Trust Inc. raised its stake in Radian Group by 21.1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 528 shares during the last quarter. Finally, KBC Group NV raised its stake in Radian Group by 19.0% during the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 716 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group upped their price objective on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.80.

Radian Group Stock Performance

Shares of RDN stock opened at $30.87 on Thursday. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The stock has a 50 day simple moving average of $32.67 and a 200-day simple moving average of $33.75. Radian Group Inc. has a 12-month low of $29.17 and a 12-month high of $37.86. 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 issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. On average, equities analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.30%. This is a boost from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is currently 25.95%.

Insider Buying and Selling

In related news, Director Gregory Serio sold 4,100 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 344 shares in the company, valued at $11,231.60. This represents a 92.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.16% of the company’s stock.

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.