GAMMA Investing LLC Cuts Stock Holdings in Radian Group Inc. (NYSE:RDN)

GAMMA Investing LLC lessened its position in Radian Group Inc. (NYSE:RDN) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,463 shares of the insurance provider’s stock after selling 332 shares during the quarter. GAMMA Investing LLC’s holdings in Radian Group were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC purchased a new position in Radian Group in the 3rd quarter valued at $402,000. Sanctuary Advisors LLC boosted its position in Radian Group by 11.3% during the third quarter. Sanctuary Advisors LLC now owns 20,541 shares of the insurance provider’s stock worth $718,000 after acquiring an additional 2,083 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Radian Group during the third quarter worth about $2,402,000. Vestcor Inc grew its stake in Radian Group by 85.5% during the 3rd quarter. Vestcor Inc now owns 36,524 shares of the insurance provider’s stock valued at $1,267,000 after acquiring an additional 16,832 shares in the last quarter. Finally, Barclays PLC raised its holdings in Radian Group by 218.0% in the 3rd quarter. Barclays PLC now owns 284,463 shares of the insurance provider’s stock valued at $9,868,000 after acquiring an additional 194,996 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Trading Up 0.2 %

NYSE RDN opened at $31.71 on Wednesday. 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 stock has a market capitalization of $4.72 billion, a P/E ratio of 8.22, a PEG ratio of 1.69 and a beta of 1.06. The firm’s 50-day moving average is $33.54 and its two-hundred day moving average is $34.08. Radian Group Inc. has a 12 month low of $26.11 and a 12 month high of $37.86.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The firm had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. On average, sell-side analysts anticipate that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued a $0.245 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 3.09%. Radian Group’s dividend payout ratio is presently 25.39%.

Insider Buying and Selling

In related news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction that occurred 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 in the company, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.