Xponance Inc. Acquires 892 Shares of Radian Group Inc. (NYSE:RDN)

Xponance Inc. increased its stake in Radian Group Inc. (NYSE:RDN) by 9.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,841 shares of the insurance provider’s stock after purchasing an additional 892 shares during the quarter. Xponance Inc.’s holdings in Radian Group were worth $344,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cibc World Markets Corp purchased a new stake in Radian Group in the fourth quarter worth about $450,000. Royce & Associates LP grew its stake in shares of Radian Group by 9.5% during the 4th quarter. Royce & Associates LP now owns 91,603 shares of the insurance provider’s stock valued at $2,906,000 after acquiring an additional 7,914 shares during the period. Picton Mahoney Asset Management raised its stake in Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 342 shares during the period. First Eagle Investment Management LLC raised its stake in Radian Group by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider’s stock worth $16,205,000 after acquiring an additional 25,500 shares during the period. Finally, Swiss National Bank lifted its holdings in Radian Group by 0.6% during the fourth quarter. Swiss National Bank now owns 295,850 shares of the insurance provider’s stock valued at $9,384,000 after purchasing an additional 1,900 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 344 shares of the company’s stock, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.16% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on RDN shares. UBS Group raised their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their price target 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Radian Group currently has an average rating of “Hold” and an average target price of $36.80.

Radian Group Price Performance

RDN stock opened at $33.44 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The company’s fifty day moving average price is $32.71 and its 200-day moving average price is $33.46. Radian Group Inc. has a one year low of $29.17 and a one year high of $37.86. The company has a market capitalization of $4.85 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, equities analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

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.