Meritage Portfolio Management Has $742,000 Position in Radian Group Inc. $RDN

Meritage Portfolio Management cut its holdings in shares of Radian Group Inc. (NYSE:RDN) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,609 shares of the insurance provider’s stock after selling 502 shares during the quarter. Meritage Portfolio Management’s holdings in Radian Group were worth $742,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of Radian Group by 14.8% in the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after acquiring an additional 357 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Radian Group by 3.1% during the first quarter. AlphaQuest LLC now owns 15,904 shares of the insurance provider’s stock worth $526,000 after purchasing an additional 476 shares during the period. Xponance Inc. increased its holdings in shares of Radian Group by 5.0% during the first quarter. Xponance Inc. now owns 11,379 shares of the insurance provider’s stock worth $376,000 after purchasing an additional 538 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Radian Group by 1.0% during the second quarter. Harbor Capital Advisors Inc. now owns 58,313 shares of the insurance provider’s stock worth $2,100,000 after purchasing an additional 554 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares during the period. 95.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RDN has been the subject of several analyst reports. Keefe, Bruyette & Woods cut Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a report on Monday, July 7th. UBS Group reaffirmed a “neutral” rating and set a $38.00 price objective (up previously from $36.00) on shares of Radian Group in a research report on Monday, July 14th. Barclays upped their price objective on shares of Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.50.

Radian Group Stock Down 1.5%

Shares of NYSE RDN opened at $33.32 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.54. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 8.39 and a beta of 0.73. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $38.84. The stock has a 50-day moving average price of $34.98 and a two-hundred day moving average price of $34.11.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. The firm had revenue of $318.00 million during the quarter, compared to the consensus estimate of $321.97 million. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. As a group, analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.02 annualized dividend and a yield of 3.1%. Radian Group’s dividend payout ratio is presently 25.69%.

Insider Buying and Selling at Radian Group

In related news, EVP Edward J. Hoffman sold 10,000 shares of the firm’s 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 sale, the executive vice president owned 153,708 shares of the company’s stock, valued at $5,687,196. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.16% of the stock is currently owned by company insiders.

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.