Quantinno Capital Management LP Buys 579 Shares of Radian Group Inc. (NYSE:RDN)

Quantinno Capital Management LP raised its position in Radian Group Inc. (NYSE:RDN) by 8.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,861 shares of the insurance provider’s stock after buying an additional 579 shares during the period. Quantinno Capital Management LP’s holdings in Radian Group were worth $273,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in RDN. Arizona State Retirement System boosted its stake in Radian Group by 0.8% in the second quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock valued at $1,319,000 after acquiring an additional 321 shares during the last quarter. Xponance Inc. lifted its stake in shares of Radian Group by 2.5% in the 2nd quarter. Xponance Inc. now owns 13,121 shares of the insurance provider’s stock valued at $408,000 after purchasing an additional 321 shares during the period. QRG Capital Management Inc. grew its stake in shares of Radian Group by 1.1% during the third quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock worth $1,089,000 after purchasing an additional 339 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Radian Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 45,701 shares of the insurance provider’s stock valued at $1,585,000 after purchasing an additional 589 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its stake in Radian Group by 9.9% in the third quarter. First Trust Direct Indexing L.P. now owns 7,200 shares of the insurance provider’s stock valued at $250,000 after buying an additional 650 shares during the period. Institutional investors own 95.33% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays boosted their target price on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.10.

Radian Group Stock Up 0.5 %

Shares of Radian Group stock opened at $33.70 on Tuesday. The company has a market capitalization of $5.02 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The business has a 50-day moving average of $34.39 and a two-hundred day moving average of $33.95. Radian Group Inc. has a 1 year low of $26.11 and a 1 year high of $37.86.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. The business had revenue of $319.05 million during the quarter, compared to analysts’ expectations of $320.30 million. As a group, equities analysts predict that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group’s payout ratio is presently 25.39%.

Insiders Place Their Bets

In related news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the transaction, the insider now owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

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.