Radian Group Inc. (NYSE:RDN) Stock Position Decreased by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda lessened its stake in shares of Radian Group Inc. (NYSE:RDN) by 77.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,224 shares of the insurance provider’s stock after selling 7,733 shares during the period. Kapitalo Investimentos Ltda’s holdings in Radian Group were worth $63,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Radian Group in the 4th quarter worth about $53,792,000. Hsbc Holdings PLC acquired a new stake in Radian Group in the 4th quarter valued at approximately $25,565,000. Donald Smith & CO. Inc. increased its position in Radian Group by 17.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 4,012,334 shares of the insurance provider’s stock worth $114,552,000 after buying an additional 594,752 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Radian Group during the fourth quarter worth approximately $16,918,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Radian Group during the 4th quarter worth about $16,368,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Trading Up 1.3 %

Shares of RDN opened at $30.92 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.39. The stock has a market cap of $4.66 billion, a PE ratio of 8.18, a PEG ratio of 1.73 and a beta of 1.04. Radian Group Inc. has a 1 year low of $24.34 and a 1 year high of $33.69. The stock has a 50 day simple moving average of $30.74 and a 200-day simple moving average of $29.76.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.20. The firm had revenue of $319.42 million during the quarter, compared to the consensus estimate of $314.76 million. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. On average, sell-side analysts predict that Radian Group Inc. will post 3.52 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Tuesday, June 4th were given a $0.245 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.98 annualized dividend and a dividend yield of 3.17%. Radian Group’s dividend payout ratio is currently 25.93%.

Insider Transactions at Radian Group

In related news, Director Noel Joseph Spiegel sold 5,895 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $31.80, for a total value of $187,461.00. Following the completion of the transaction, the director now directly owns 20,008 shares of the company’s stock, valued at approximately $636,254.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Derek Brummer sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $31.33, for a total transaction of $1,096,550.00. Following the sale, the insider now owns 218,023 shares in the company, valued at approximately $6,830,660.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Noel Joseph Spiegel sold 5,895 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $31.80, for a total value of $187,461.00. Following the completion of the sale, the director now directly owns 20,008 shares of the company’s stock, valued at approximately $636,254.40. The disclosure for this sale can be found here. Insiders sold 117,004 shares of company stock valued at $3,651,517 over the last quarter. Corporate insiders own 2.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on RDN shares. Keefe, Bruyette & Woods raised Radian Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $35.00 to $36.00 in a report on Monday, June 3rd. UBS Group boosted their price target on shares of Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Radian Group presently has a consensus rating of “Hold” and a consensus target price of $31.13.

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.