SummitTX Capital L.P. increased its stake in Radian Group Inc. (NYSE:RDN – Free Report) by 356.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 27,932 shares of the insurance provider’s stock after purchasing an additional 21,812 shares during the quarter. SummitTX Capital L.P.’s holdings in Radian Group were worth $924,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Jefferies Financial Group Inc. grew its position in shares of Radian Group by 331.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 94,867 shares of the insurance provider’s stock valued at $3,414,000 after purchasing an additional 72,867 shares during the period. Fifth Third Bancorp lifted its stake in Radian Group by 17,199.1% in the 1st quarter. Fifth Third Bancorp now owns 156,903 shares of the insurance provider’s stock valued at $5,190,000 after buying an additional 155,996 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in Radian Group by 43.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock valued at $108,411,000 after buying an additional 916,003 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Radian Group by 108.9% in the 4th quarter. SG Americas Securities LLC now owns 57,059 shares of the insurance provider’s stock worth $2,054,000 after buying an additional 29,750 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Radian Group by 59.5% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 239,396 shares of the insurance provider’s stock worth $8,624,000 after buying an additional 89,311 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.
Radian Group Stock Performance
NYSE RDN opened at $38.86 on Friday. Radian Group Inc. has a fifty-two week low of $31.50 and a fifty-two week high of $41.05. The firm has a market capitalization of $5.17 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 1.00 and a beta of 0.72. The stock’s fifty day moving average is $36.56 and its two-hundred day moving average is $35.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58.
Radian Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, June 2nd. Radian Group’s dividend payout ratio (DPR) is 25.12%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on RDN. Wall Street Zen cut Radian Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Keefe, Bruyette & Woods boosted their price target on Radian Group from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Radian Group in a research note on Tuesday, June 16th. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, 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 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.17.
Check Out Our Latest Report on Radian Group
Insider Buying and Selling
In related news, Director Margaret Anne Leyden sold 2,070 shares of Radian Group stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $34.59, for a total value of $71,601.30. Following the completion of the transaction, the director owned 6,864 shares in the company, valued at approximately $237,425.76. The trade was a 23.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Edward J. Hoffman sold 15,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $38.00, for a total value of $570,000.00. Following the sale, the executive vice president directly owned 93,708 shares in the company, valued at $3,560,904. This represents a 13.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 30,516 shares of company stock worth $1,127,576 over the last 90 days. 2.03% of the stock is owned by insiders.
Radian Group 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.
Featured Articles
- Five stocks we like better than Radian Group
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Want to see what other hedge funds are holding RDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Radian Group Inc. (NYSE:RDN – Free Report).
Receive News & Ratings for Radian Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radian Group and related companies with MarketBeat.com's FREE daily email newsletter.
