Radian Group Inc. $RDN Shares Bought by Caxton Associates LLP

Caxton Associates LLP increased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 117.5% during the first quarter, HoldingsChannel reports. The fund owned 60,140 shares of the insurance provider’s stock after buying an additional 32,487 shares during the period. Caxton Associates LLP’s holdings in Radian Group were worth $1,989,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Radian Group by 178.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 476 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Radian Group during the 4th quarter worth $29,000. Geneos Wealth Management Inc. increased its holdings 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 valued at $29,000 after purchasing an additional 572 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Radian Group by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 360 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Radian Group in the third quarter valued at about $34,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Price Performance

Shares of NYSE:RDN opened at $38.63 on Friday. The company has a market cap of $5.14 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.96 and a beta of 0.72. The business has a fifty day simple moving average of $36.42 and a 200-day simple moving average of $34.96. Radian Group Inc. has a 52 week low of $31.50 and a 52 week high of $41.05. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The business had revenue of $466.34 million for the quarter, compared to analyst estimates of $377.83 million. During the same period in the prior year, the firm posted $0.99 EPS. The company’s revenue was up 46.6% on a year-over-year basis. Equities research analysts forecast that Radian Group Inc. will post 5.17 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd were given a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.6%. Radian Group’s dividend payout ratio is presently 25.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Radian Group from $43.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Radian Group in a report on Tuesday, June 16th. Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and raised their price target for the company from $35.00 to $43.00 in a research report on Wednesday, April 29th. Royal Bank Of Canada assumed coverage on Radian Group in a research note on Friday, May 22nd. They set an “outperform” rating and a $47.00 price target for the company. Finally, Zacks Research lowered shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.17.

Insiders Place Their Bets

In other news, Chairman Howard Bernard Culang sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.20, for a total value of $181,000.00. Following the completion of the sale, the chairman owned 11,662 shares of the company’s stock, valued at $422,164.40. This represents a 30.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Weinbach bought 120,487 shares of Radian Group stock in a transaction dated Monday, June 1st. The shares were purchased at an average cost of $33.89 per share, for a total transaction of $4,083,304.43. Following the completion of the transaction, the chief executive officer owned 120,487 shares of the company’s stock, valued at approximately $4,083,304.43. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 45,516 shares of company stock worth $1,682,576. 2.03% of the stock is owned by company insiders.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.