GSA Capital Partners LLP Purchases Shares of 34,479 Radian Group Inc. (NYSE:RDN)

GSA Capital Partners LLP acquired a new position in shares of Radian Group Inc. (NYSE:RDN) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 34,479 shares of the insurance provider’s stock, valued at approximately $1,154,000.

Several other large investors have also recently made changes to their positions in RDN. Ellsworth Advisors LLC raised its position in shares of Radian Group by 2.4% during the 4th quarter. Ellsworth Advisors LLC now owns 15,716 shares of the insurance provider’s stock worth $449,000 after purchasing an additional 372 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Radian Group by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 27,318 shares of the insurance provider’s stock valued at $780,000 after purchasing an additional 389 shares during the period. Measured Wealth Private Client Group LLC lifted its position in Radian Group by 2.2% in the first quarter. Measured Wealth Private Client Group LLC now owns 20,848 shares of the insurance provider’s stock valued at $698,000 after buying an additional 453 shares during the last quarter. Astoria Portfolio Advisors LLC. boosted its position in shares of Radian Group by 6.7% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 7,482 shares of the insurance provider’s stock worth $250,000 after purchasing an additional 470 shares during the period. Finally, Hexagon Capital Partners LLC grew its stake in shares of Radian Group by 145.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock valued at $27,000 after buying an additional 557 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $31.33, for a total value of $1,096,550.00. Following the transaction, the insider now directly owns 218,023 shares in the company, valued at $6,830,660.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Derek Brummer sold 35,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $31.33, for a total value of $1,096,550.00. Following the completion of the sale, the insider now directly owns 218,023 shares of the company’s stock, valued at $6,830,660.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Ray sold 65,305 shares of Radian Group stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $31.05, for a total transaction of $2,027,720.25. Following the completion of the transaction, the executive vice president now owns 53,791 shares in the company, valued at $1,670,210.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,004 shares of company stock valued at $3,651,517. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Stock Up 2.1 %

NYSE RDN traded up $0.65 during trading hours on Wednesday, hitting $31.86. 177,240 shares of the company were exchanged, compared to its average volume of 1,088,046. Radian Group Inc. has a 52-week low of $24.56 and a 52-week high of $33.69. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.76 and a beta of 1.05. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $31.03 and a two-hundred day moving average of $30.17.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.20. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The company had revenue of $319.42 million during the quarter, compared to the consensus estimate of $314.76 million. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Radian Group Inc. will post 3.52 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Tuesday, June 4th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Tuesday, June 4th. Radian Group’s dividend payout ratio is presently 25.93%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RDN shares. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $35.00 to $36.00 in a report on Monday, June 3rd. UBS Group lifted their price objective on shares of Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.13.

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.