Quantbot Technologies LP Invests $127,000 in Radian Group Inc. (NYSE:RDN)

Quantbot Technologies LP acquired a new stake in Radian Group Inc. (NYSE:RDN) during the 4th quarter, Holdings Channel reports. The fund acquired 3,991 shares of the insurance provider’s stock, valued at approximately $127,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Magnetar Financial LLC bought a new position in Radian Group during the 4th quarter worth about $248,000. Teacher Retirement System of Texas grew its holdings in shares of Radian Group by 17.7% during the fourth quarter. Teacher Retirement System of Texas now owns 33,962 shares of the insurance provider’s stock worth $1,077,000 after buying an additional 5,109 shares in the last quarter. Xponance Inc. raised its position in Radian Group by 9.0% in the 4th quarter. Xponance Inc. now owns 10,841 shares of the insurance provider’s stock valued at $344,000 after buying an additional 892 shares during the last quarter. Cibc World Markets Corp bought a new stake in Radian Group in the 4th quarter valued at approximately $450,000. Finally, Royce & Associates LP boosted its position in Radian Group by 9.5% during the 4th quarter. Royce & Associates LP now owns 91,603 shares of the insurance provider’s stock worth $2,906,000 after acquiring an additional 7,914 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Insider Transactions 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 value of $133,865.00. Following the completion of the sale, the director now owns 344 shares of the company’s stock, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.16% of the stock is owned by corporate insiders.

Radian Group Trading Down 1.9 %

Shares of Radian Group stock opened at $32.83 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The business has a fifty day simple moving average of $32.70 and a two-hundred day simple moving average of $33.43. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were given a $0.255 dividend. This is an increase from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 annualized dividend and a dividend yield of 3.11%. Radian Group’s dividend payout ratio is presently 25.95%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RDN. UBS Group lifted their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.80.

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.