Radian Group Inc. $RDN Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of Radian Group Inc. (NYSE:RDN) by 82.6% in the first quarter, HoldingsChannel.com reports. The fund owned 9,933 shares of the insurance provider’s stock after selling 47,126 shares during the period. SG Americas Securities LLC’s holdings in Radian Group were worth $329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in Radian Group by 14.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after acquiring an additional 357 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Radian Group by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 901 shares during the period. Walleye Capital LLC acquired a new position in Radian Group during the 2nd quarter worth approximately $239,000. Finally, Marshall Wace LLP purchased a new position in Radian Group in the second quarter worth $452,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Radian Group

In other Radian Group news, Director Margaret Anne Leyden sold 2,070 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $34.59, for a total transaction of $71,601.30. Following the sale, the director owned 6,864 shares in the company, valued at approximately $237,425.76. The trade was a 23.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.19, for a total transaction of $174,942.46. Following the sale, the director owned 20,008 shares in the company, valued at $724,089.52. This represents a 19.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 73,525 shares of company stock valued at $2,677,891 in the last quarter. 2.03% of the stock is owned by company insiders.

Radian Group Stock Up 0.4%

Shares of NYSE:RDN opened at $37.63 on Friday. The company’s fifty day moving average is $36.08 and its two-hundred day moving average is $34.79. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. Radian Group Inc. has a 1-year low of $31.50 and a 1-year high of $38.90. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.94 and a beta of 0.72.

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

Radian Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RDN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Radian Group in a research note on Tuesday, June 16th. Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and increased their target price for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. Zacks Research lowered shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. UBS Group reduced their price objective on Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Finally, Wall Street Zen raised shares of Radian Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Radian Group currently has an average rating of “Moderate Buy” and an average price target of $43.17.

Radian Group Company 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.