Radian Group Inc. (NYSE:RDN) Stock Position Raised by Meritage Portfolio Management

Meritage Portfolio Management boosted its holdings in Radian Group Inc. (NYSE:RDN) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,937 shares of the insurance provider’s stock after acquiring an additional 1,744 shares during the period. Meritage Portfolio Management’s holdings in Radian Group were worth $664,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in shares of Radian Group in the 2nd quarter worth approximately $560,000. Cubist Systematic Strategies LLC acquired a new stake in Radian Group in the second quarter worth $116,000. Handelsbanken Fonder AB lifted its stake in Radian Group by 61.6% in the third quarter. Handelsbanken Fonder AB now owns 44,585 shares of the insurance provider’s stock valued at $1,547,000 after buying an additional 17,000 shares during the last quarter. GAMMA Investing LLC lifted its stake in Radian Group by 50.6% in the third quarter. GAMMA Investing LLC now owns 6,795 shares of the insurance provider’s stock valued at $236,000 after buying an additional 2,284 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Radian Group by 2,962.2% during the third quarter. CWM LLC now owns 60,938 shares of the insurance provider’s stock valued at $2,114,000 after acquiring an additional 58,948 shares during the period. Institutional investors own 95.33% of the company’s stock.

Insider Activity

In related news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the transaction, the insider now owns 171,830 shares of the company’s stock, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.16% of the company’s stock.

Radian Group Stock Up 0.9 %

Shares of Radian Group stock opened at $34.24 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. Radian Group Inc. has a 1-year low of $26.11 and a 1-year high of $37.86. The business’s fifty day moving average price is $33.09 and its two-hundred day moving average price is $34.20. The company has a market capitalization of $5.10 billion, a P/E ratio of 8.87, a PEG ratio of 1.85 and a beta of 1.06.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. As a group, research analysts forecast that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Monday, November 25th. Radian Group’s dividend payout ratio is currently 25.39%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods dropped their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 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, Radian Group currently has a consensus rating of “Hold” and an average target price of $36.30.

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.