Man Group plc Cuts Stake in Radian Group Inc. (NYSE:RDN)

Man Group plc reduced its position in Radian Group Inc. (NYSE:RDN) by 32.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,375 shares of the insurance provider’s stock after selling 105,624 shares during the quarter. Man Group plc’s holdings in Radian Group were worth $7,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management grew its holdings in Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 342 shares during the last quarter. Covestor Ltd grew its holdings in Radian Group by 35.6% in the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 355 shares during the last quarter. CX Institutional grew its holdings in Radian Group by 5.8% in the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 451 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 485 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in Radian Group by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,854 shares of the insurance provider’s stock worth $503,000 after purchasing an additional 502 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the sale, the director now owns 344 shares of the company’s stock, valued at $11,231.60. The trade was a 92.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on RDN shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $38.00 price target (up from $37.00) on shares of Radian Group in a report on Friday, May 2nd. UBS Group lifted their price objective on shares of Radian Group from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $36.80.

Radian Group Trading Down 1.3%

NYSE RDN opened at $34.38 on Tuesday. The company has a market capitalization of $4.62 billion, a PE ratio of 8.75, a P/E/G ratio of 1.73 and a beta of 0.71. The company has a fifty day moving average of $32.47 and a 200 day moving average of $32.89. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $37.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The company had revenue of $318.11 million during the quarter, compared to analysts’ expectations of $326.99 million. During the same quarter in the previous year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Research analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Company Profile

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.