Radian Group Inc. $RDN Stock Position Boosted by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Radian Group Inc. (NYSE:RDN) by 17.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,447 shares of the insurance provider’s stock after acquiring an additional 22,566 shares during the quarter. Sei Investments Co. owned about 0.12% of Radian Group worth $5,076,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its holdings in Radian Group by 0.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock worth $1,208,000 after buying an additional 288 shares during the period. Hantz Financial Services Inc. boosted its position in Radian Group by 26.9% during the fourth quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock valued at $56,000 after purchasing an additional 329 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Radian Group by 14.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after purchasing an additional 344 shares in the last quarter. HighTower Advisors LLC increased its position in Radian Group by 6.1% in the 4th quarter. HighTower Advisors LLC now owns 6,060 shares of the insurance provider’s stock worth $218,000 after purchasing an additional 349 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of 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 purchasing an additional 357 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RDN has been the subject of several recent research reports. Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Radian Group in a research note on Tuesday, June 16th. Barclays boosted their target price on shares of Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Royal Bank Of Canada started coverage on shares of Radian Group in a research note on Friday, May 22nd. They set an “outperform” rating and a $47.00 price target on the stock. Finally, Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.17.

Radian Group Stock Up 0.9%

RDN opened at $39.63 on Wednesday. The business has a 50 day moving average price of $36.75 and a 200 day moving average price of $35.18. Radian Group Inc. has a twelve month low of $31.50 and a twelve month high of $41.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $5.27 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 0.99 and a beta of 0.72.

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

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd were paid 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 2.6%. Radian Group’s dividend payout ratio (DPR) is presently 25.12%.

Insiders Place Their Bets

In other news, CEO Michael S. Weinbach bought 120,487 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average price of $33.89 per share, for a total transaction of $4,083,304.43. Following the acquisition, the chief executive officer directly owned 120,487 shares of the company’s stock, valued at $4,083,304.43. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Noel Joseph Spiegel sold 4,834 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $724,089.52. This trade represents a 19.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,516 shares of company stock worth $1,127,576 in the last ninety days. 2.03% of the stock is owned by insiders.

About Radian Group

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.