Swiss National Bank Cuts Stock Position in Radian Group Inc. $RDN

Swiss National Bank lowered its stake in shares of Radian Group Inc. (NYSE:RDN) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,950 shares of the insurance provider’s stock after selling 18,600 shares during the quarter. Swiss National Bank owned about 0.20% of Radian Group worth $9,724,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RDN. Federated Hermes Inc. lifted its holdings in Radian Group by 11.8% in the first quarter. Federated Hermes Inc. now owns 110,772 shares of the insurance provider’s stock valued at $3,663,000 after acquiring an additional 11,648 shares during the period. Natixis Advisors LLC grew its position in shares of Radian Group by 3.7% in the first quarter. Natixis Advisors LLC now owns 290,314 shares of the insurance provider’s stock valued at $9,601,000 after purchasing an additional 10,368 shares during the period. Jefferies Financial Group Inc. increased its stake in Radian Group by 169.5% during the 1st quarter. Jefferies Financial Group Inc. now owns 104,717 shares of the insurance provider’s stock worth $3,463,000 after buying an additional 65,867 shares in the last quarter. Jane Street Group LLC raised its stake in Radian Group by 11,446.4% in the 1st quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider’s stock valued at $43,339,000 after purchasing an additional 1,299,167 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Radian Group in the 1st quarter valued at $844,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In related news, EVP Edward J. Hoffman sold 10,000 shares of Radian Group stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the completion of the transaction, the executive vice president directly owned 153,708 shares of the company’s stock, valued at approximately $5,687,196. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.01% of the stock is currently owned by company insiders.

Radian Group Stock Up 0.0%

Shares of NYSE:RDN opened at $35.55 on Friday. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The firm’s 50 day moving average price is $34.71 and its 200 day moving average price is $34.59. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.54. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 8.95 and a beta of 0.81.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. The firm had revenue of $303.19 million for the quarter, compared to the consensus estimate of $308.77 million. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. As a group, equities research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, November 24th. Radian Group’s payout ratio is presently 25.44%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RDN. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a research note on Monday. UBS Group dropped their price target on Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Barclays lifted their price objective on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research report on Monday, October 6th. Finally, Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.