Yousif Capital Management LLC Reduces Stock Position in Radian Group Inc. $RDN

Yousif Capital Management LLC reduced its holdings in Radian Group Inc. (NYSE:RDN) by 6.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,762 shares of the insurance provider’s stock after selling 3,317 shares during the period. Yousif Capital Management LLC’s holdings in Radian Group were worth $1,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in shares of Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after buying an additional 572 shares in the last quarter. Covestor Ltd grew its stake in shares of Radian Group by 42.6% in the 1st quarter. Covestor Ltd now owns 1,927 shares of the insurance provider’s stock worth $64,000 after buying an additional 576 shares in the last quarter. Virtus Advisers LLC purchased a new position in shares of Radian Group in the 1st quarter worth $88,000. Jones Financial Companies Lllp boosted its stake in shares of Radian Group by 14.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 357 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Radian Group by 22.7% during the 1st quarter. US Bancorp DE now owns 3,972 shares of the insurance provider’s stock worth $131,000 after purchasing an additional 735 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Radian Group

In other news, EVP Edward J. Hoffman sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the sale, the executive vice president owned 153,708 shares in the company, valued at approximately $5,687,196. The trade was a 6.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Radian Group Trading Up 1.0%

Shares of RDN opened at $33.06 on Monday. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $38.84. The company has a 50-day moving average of $34.98 and a 200 day moving average of $34.11. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 8.33 and a beta of 0.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.68 and a quick ratio of 1.68.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. The company had revenue of $318.00 million during the quarter, compared to analyst estimates of $321.97 million. During the same quarter last year, the business posted $0.98 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, research analysts expect that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were issued a dividend of $0.255 per share. The ex-dividend date was Monday, August 25th. This represents a $1.02 dividend on an annualized basis and a yield of 3.1%. Radian Group’s dividend payout ratio (DPR) is presently 25.69%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RDN. Keefe, Bruyette & Woods cut shares of Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price target for the company. in a research note on Monday, July 7th. Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a research note on Wednesday, October 8th. Barclays lifted their price target on shares of Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th. Finally, UBS Group dropped their price target on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

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.