38,850 Shares in Radian Group Inc. (NYSE:RDN) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in Radian Group Inc. (NYSE:RDN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,850 shares of the insurance provider's stock, valued at approximately $1,232,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management raised its stake in shares of Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 342 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 485 shares during the last quarter. Covestor Ltd raised its stake in shares of Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 355 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Radian Group by 124.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after acquiring an additional 1,320 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after buying an additional 2,119 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RDN. Keefe, Bruyette & Woods restated an "outperform" rating and set a $38.00 price objective (up from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. UBS Group raised their price objective on Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $36.80.

Radian Group Price Performance

Shares of RDN opened at $33.59 on Thursday. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $37.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The business has a 50-day moving average of $32.29 and a 200-day moving average of $32.90.

Radian Group (NYSE:RDN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. The business had revenue of $318.11 million during the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. As a group, equities research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Insiders Place Their Bets

In other Radian Group news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.01% of the stock is currently owned by corporate insiders.

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.

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