AQR Capital Management LLC Boosts Stock Position in Radian Group Inc. (NYSE:RDN)

AQR Capital Management LLC raised its holdings in Radian Group Inc. (NYSE:RDN) by 70.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,626 shares of the insurance provider’s stock after buying an additional 115,836 shares during the period. AQR Capital Management LLC owned about 0.19% of Radian Group worth $8,727,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Caxton Associates LP raised its position in shares of Radian Group by 208.3% during the 4th quarter. Caxton Associates LP now owns 137,114 shares of the insurance provider’s stock worth $3,915,000 after acquiring an additional 92,641 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Radian Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock worth $684,096,000 after buying an additional 69,383 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Radian Group by 142.4% in the 4th quarter. TD Asset Management Inc now owns 49,200 shares of the insurance provider’s stock valued at $1,405,000 after buying an additional 28,900 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Radian Group in the 1st quarter valued at $852,000. Finally, Leuthold Group LLC acquired a new stake in Radian Group during the 1st quarter worth $3,242,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Radian Group Stock Performance

Shares of RDN stock opened at $34.37 on Thursday. The stock’s 50-day moving average price is $35.13 and its 200 day moving average price is $32.74. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $5.18 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. Radian Group Inc. has a 52-week low of $24.56 and a 52-week high of $37.86.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.87 by $0.12. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. The business had revenue of $312.37 million during the quarter, compared to analysts’ expectations of $324.00 million. As a group, equities research analysts forecast that Radian Group Inc. will post 3.75 EPS for the current year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group’s payout ratio is 25.93%.

Insider Transactions at Radian Group

In related news, CFO Sumita Pandit sold 3,817 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.23, for a total value of $130,655.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Robert Quigley sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the transaction, the chief accounting officer now directly owns 48,392 shares of the company’s stock, valued at approximately $1,725,174.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sumita Pandit sold 3,817 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The disclosure for this sale can be found here. Insiders have sold a total of 119,772 shares of company stock worth $4,260,796 over the last ninety days. 2.16% of the stock is currently owned by company insiders.

Radian Group 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.