Bailard Inc. Increases Holdings in Radian Group (RDN)

Bailard Inc. increased its position in shares of Radian Group (NYSE:RDN) by 27.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,700 shares of the insurance provider’s stock after buying an additional 5,700 shares during the period. Bailard Inc.’s holdings in Radian Group were worth $508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RDN. Swiss National Bank boosted its stake in Radian Group by 2.2% in the first quarter. Swiss National Bank now owns 374,850 shares of the insurance provider’s stock valued at $7,137,000 after acquiring an additional 8,200 shares during the last quarter. Boston Partners increased its holdings in shares of Radian Group by 15.0% in the 1st quarter. Boston Partners now owns 3,182,345 shares of the insurance provider’s stock worth $60,592,000 after buying an additional 415,003 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Radian Group by 2,873.7% in the 1st quarter. SG Americas Securities LLC now owns 553,199 shares of the insurance provider’s stock worth $10,533,000 after buying an additional 534,596 shares during the last quarter. Dupont Capital Management Corp increased its holdings in shares of Radian Group by 9.9% in the 1st quarter. Dupont Capital Management Corp now owns 366,672 shares of the insurance provider’s stock worth $6,981,000 after buying an additional 33,073 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Radian Group by 31.8% in the 1st quarter. Wells Fargo & Company MN now owns 3,053,878 shares of the insurance provider’s stock worth $58,145,000 after buying an additional 736,875 shares during the last quarter. 93.72% of the stock is owned by institutional investors and hedge funds.

In other Radian Group news, EVP Derek Brummer acquired 19,200 shares of the stock in a transaction that occurred on Monday, April 30th. The stock was bought at an average cost of $14.91 per share, with a total value of $286,272.00. Following the completion of the purchase, the executive vice president now directly owns 74,260 shares in the company, valued at $1,107,216.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Herbert Wender purchased 5,000 shares of the firm’s stock in a transaction on Monday, April 30th. The shares were purchased at an average cost of $14.63 per share, with a total value of $73,150.00. Following the completion of the transaction, the insider now owns 192,670 shares of the company’s stock, valued at approximately $2,818,762.10. The disclosure for this purchase can be found here. Insiders have acquired 49,200 shares of company stock worth $728,822 in the last quarter. Company insiders own 0.99% of the company’s stock.

Shares of Radian Group opened at $16.34 on Monday, Marketbeat.com reports. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 1.06 and a beta of 1.54. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.34. Radian Group has a 1-year low of $14.06 and a 1-year high of $23.49.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, April 26th. The insurance provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. Radian Group had a net margin of 12.99% and a return on equity of 14.94%. The firm had revenue of $291.60 million for the quarter, compared to analysts’ expectations of $316.47 million. During the same quarter last year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. equities research analysts predict that Radian Group will post 2.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Monday, May 21st will be given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.06%. The ex-dividend date is Friday, May 18th. Radian Group’s dividend payout ratio (DPR) is 0.55%.

RDN has been the subject of a number of research reports. ValuEngine raised shares of Radian Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Barclays increased their price target on shares of Radian Group from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Royal Bank of Canada reissued a “buy” rating on shares of Radian Group in a research report on Friday, February 2nd. Wells Fargo reaffirmed a “hold” rating on shares of Radian Group in a research report on Tuesday, March 13th. Finally, Zacks Investment Research cut shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.63.

Radian Group Company Profile

Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.

Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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