Monument Capital Management Increases Stake in Radian Group Inc. (NYSE:RDN)

Monument Capital Management boosted its stake in Radian Group Inc. (NYSE:RDN) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,784 shares of the insurance provider’s stock after buying an additional 3,478 shares during the period. Monument Capital Management owned 0.05% of Radian Group worth $2,499,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RDN. QRG Capital Management Inc. lifted its stake in shares of Radian Group by 1.1% in the 3rd quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock valued at $1,089,000 after purchasing an additional 339 shares during the period. MML Investors Services LLC lifted its position in Radian Group by 4.5% during the third quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock valued at $295,000 after buying an additional 364 shares during the period. CX Institutional boosted its holdings in shares of Radian Group by 5.8% during the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock valued at $261,000 after buying an additional 451 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after buying an additional 485 shares during the period. Finally, Blue Trust Inc. lifted its position in Radian Group by 21.1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 528 shares during the period. 95.33% of the stock is owned by institutional investors.

Insider Activity

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.16% of the company’s stock.

Radian Group Price Performance

NYSE RDN opened at $32.74 on Monday. Radian Group Inc. has a 52 week low of $27.20 and a 52 week high of $37.86. The company has a 50-day moving average price of $32.74 and a 200-day moving average price of $34.00. The company has a quick ratio of 2.01, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $4.88 billion, a P/E ratio of 8.33, a PEG ratio of 1.83 and a beta of 1.06.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share 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%. Equities research analysts anticipate that Radian Group Inc. will post 3.67 earnings per share for the current year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, February 24th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is presently 25.95%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods dropped their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.30.

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.