Radian Group Inc. (NYSE:RDN) Stock Position Raised by EMC Capital Management

EMC Capital Management grew its stake in shares of Radian Group Inc. (NYSE:RDN) by 300.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,401 shares of the insurance provider’s stock after purchasing an additional 13,810 shares during the quarter. Radian Group makes up 0.3% of EMC Capital Management’s portfolio, making the stock its 25th largest holding. EMC Capital Management’s holdings in Radian Group were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in RDN. V Square Quantitative Management LLC bought a new position in Radian Group during the 3rd quarter worth $27,000. Blue Trust Inc. boosted its holdings in shares of Radian Group by 352.4% during the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 1,949 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Radian Group during the second quarter worth about $116,000. KBC Group NV increased its holdings in shares of Radian Group by 19.0% in the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 716 shares during the period. Finally, Forum Financial Management LP bought a new stake in Radian Group in the 3rd quarter valued at about $201,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Stock Performance

RDN opened at $34.41 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 1.81 and a beta of 1.06. The business has a 50 day moving average price of $33.18 and a two-hundred day moving average price of $34.21. Radian Group Inc. has a 1-year low of $26.11 and a 1-year high of $37.86.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The company had revenue of $319.05 million for the quarter, compared to analysts’ expectations of $320.30 million. Research analysts predict that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were given a dividend of $0.245 per share. The ex-dividend date was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.85%. Radian Group’s dividend payout ratio (DPR) is presently 25.39%.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Barclays raised their target price on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.30.

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.