EMG Holdings L.P. Purchases New Holdings in Radian Group Inc. (NYSE:RDN)

EMG Holdings L.P. purchased a new stake in Radian Group Inc. (NYSE:RDN) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 75,465 shares of the insurance provider’s stock, valued at approximately $2,347,000. Radian Group makes up 1.2% of EMG Holdings L.P.’s investment portfolio, making the stock its 12th biggest position.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Radian Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock valued at $684,096,000 after buying an additional 69,383 shares during the period. LSV Asset Management raised its position in Radian Group by 0.8% during the first quarter. LSV Asset Management now owns 6,863,814 shares of the insurance provider’s stock valued at $229,732,000 after purchasing an additional 52,397 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Radian Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock valued at $172,365,000 after purchasing an additional 89,363 shares in the last quarter. American Century Companies Inc. raised its position in Radian Group by 18.2% during the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock valued at $88,136,000 after purchasing an additional 435,751 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Radian Group by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,927,201 shares of the insurance provider’s stock valued at $59,936,000 after purchasing an additional 6,588 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Stock Up 0.0 %

Shares of NYSE:RDN opened at $35.43 on Friday. The company has a fifty day moving average of $35.10 and a 200-day moving average of $32.48. The company has a market capitalization of $5.33 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. Radian Group Inc. has a 52-week low of $24.56 and a 52-week high of $37.86.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.12. The company had revenue of $312.37 million during the quarter, compared to the consensus estimate of $324.00 million. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. On average, equities analysts predict that Radian Group Inc. will post 3.75 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were issued a $0.245 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a yield of 2.77%. Radian Group’s payout ratio is 25.93%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays boosted their price objective on shares of Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Roth Mkm boosted their price objective on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada boosted their price objective on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.90.

Insider Activity at Radian Group

In related news, EVP Eric Ray sold 53,791 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total value of $1,918,724.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Eric Ray sold 53,791 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total value of $1,918,724.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Derek Brummer sold 35,153 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares of the company’s stock, valued at $6,595,877.60. The disclosure for this sale can be found here. Insiders sold 119,772 shares of company stock worth $4,260,796 over the last three months. Company insiders own 2.16% of the company’s stock.

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.