Hsbc Holdings PLC Boosts Stock Position in Radian Group Inc. $RDN

Hsbc Holdings PLC boosted its stake in shares of Radian Group Inc. (NYSE:RDN) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,154 shares of the insurance provider’s stock after buying an additional 16,895 shares during the period. Hsbc Holdings PLC’s holdings in Radian Group were worth $3,256,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Radian Group by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,959,463 shares of the insurance provider’s stock valued at $214,481,000 after acquiring an additional 63,437 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Radian Group by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,717,423 shares of the insurance provider’s stock worth $205,773,000 after purchasing an additional 274,222 shares in the last quarter. American Century Companies Inc. boosted its stake in Radian Group by 4.4% in the 3rd quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider’s stock worth $145,586,000 after purchasing an additional 171,049 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in Radian Group by 43.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock worth $108,411,000 after purchasing an additional 916,003 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in Radian Group by 16.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,188,624 shares of the insurance provider’s stock valued at $78,769,000 after purchasing an additional 315,575 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Trading Down 0.0%

Shares of RDN stock opened at $37.49 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.94 and a beta of 0.73. Radian Group Inc. has a 1 year low of $31.50 and a 1 year high of $38.84. The firm has a fifty day moving average price of $35.66 and a 200-day moving average price of $34.68.

Radian Group (NYSE:RDN) last announced its earnings results on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $466.34 million for the quarter, compared to analysts’ expectations of $377.83 million. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.Radian Group’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. As a group, equities analysts predict that Radian Group Inc. will post 5.17 earnings per share for the current year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd were given a $0.255 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.7%. Radian Group’s dividend payout ratio is presently 25.12%.

Insider Transactions at Radian Group

In related news, Director Margaret Anne Leyden sold 2,070 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $34.59, for a total transaction of $71,601.30. Following the completion of the transaction, the director directly owned 6,864 shares in the company, valued at approximately $237,425.76. The trade was a 23.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Noel Joseph Spiegel sold 4,834 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total transaction of $174,942.46. Following the completion of the sale, the director directly owned 20,008 shares of the company’s stock, valued at $724,089.52. This represents a 19.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 75,516 shares of company stock valued at $2,747,576. Company insiders own 2.03% of the company’s stock.

Analysts Set New Price Targets

RDN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Radian Group from $43.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday. Wall Street Zen upgraded shares of Radian Group from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada started coverage on shares of Radian Group in a report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price target on the stock. Barclays raised their price target on shares of Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Finally, Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.17.

Radian Group Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.