Vise Technologies Inc. Takes Position in Radian Group Inc. $RDN

Vise Technologies Inc. acquired a new position in Radian Group Inc. (NYSE:RDN) in the second quarter, Holdings Channel.com reports. The fund acquired 24,699 shares of the insurance provider’s stock, valued at approximately $930,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its holdings in Radian Group by 14.8% in the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after acquiring an additional 357 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 572 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Radian Group by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 901 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Radian Group in the 2nd quarter valued at approximately $239,000. Finally, Marshall Wace LLP purchased a new position in shares of Radian Group in the 2nd quarter valued at approximately $452,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Radian Group

In related news, Chairman Howard Bernard Culang sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $36.20, for a total transaction of $181,000.00. Following the completion of the transaction, the chairman directly owned 11,662 shares in the company, valued at $422,164.40. The trade was a 30.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Margaret Anne Leyden sold 2,070 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $34.59, for a total transaction of $71,601.30. Following the transaction, the director owned 6,864 shares of the company’s stock, valued at $237,425.76. This represents a 23.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 15,517 shares of company stock worth $557,610. 2.03% of the stock is currently owned by company insiders.

Radian Group Price Performance

Shares of NYSE:RDN opened at $36.61 on Monday. Radian Group Inc. has a twelve month low of $31.50 and a twelve month high of $41.05. The company’s 50 day moving average is $37.45 and its 200 day moving average is $35.53. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14. The company has a market cap of $4.84 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 0.89 and a beta of 0.72.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The business had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $556.55 million. During the same period in the prior year, the business posted $1.01 earnings per share. The business’s quarterly revenue was up 92.3% compared to the same quarter last year. On average, sell-side analysts forecast that Radian Group Inc. will post 4.86 EPS for the current year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be paid a $0.255 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.8%. Radian Group’s dividend payout ratio is presently 26.22%.

Analysts Set New Price Targets

Several analysts have weighed in on RDN shares. Barclays dropped their target price on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, August 10th. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and raised their price target for the stock from $35.00 to $43.00 in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings raised shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods cut their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.17.

Radian Group 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.