1,575,667 Shares in Radian Group Inc. $RDN Purchased by Bruni J V & Co. Co.

Key Points

• Bruni J V & Co. Co. acquired 1,575,667 Radian Group shares during the second quarter, representing 1.18% of the company and 5.4% of the investor’s portfolio.
• Radian reported quarterly revenue of $574.96 million, up 92.3% year over year, but earnings per share of $1.14 missed the $1.34 consensus estimate. The company declared a quarterly dividend of $0.255 per share, implying a 2.8% annualized yield.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $42.17, compared with shares opening at $36.90.

Bruni J V & Co. Co. acquired a new stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,575,667 shares of the insurance provider's stock, valued at approximately $59,355,376,000. Radian Group accounts for 5.4% of Bruni J V & Co. Co.'s investment portfolio, making the stock its 6th largest holding. Bruni J V & Co. Co. owned 1.18% of Radian Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Radian Group by 178.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider's stock valued at $27,000 after buying an additional 476 shares during the period. Geneos Wealth Management Inc. boosted its stake in 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 buying an additional 572 shares during the period. Fifth Third Bancorp increased its position in Radian Group by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 360 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Radian Group during the third quarter valued at $34,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Radian Group in the second quarter valued at $37,000. 95.33% of the stock is owned by institutional investors.

Radian Group Price Performance

Shares of RDN stock opened at $36.90 on Wednesday. The company has a market capitalization of $4.88 billion, a P/E ratio of 9.49, a P/E/G ratio of 0.89 and a beta of 0.72. The company's 50-day simple moving average is $37.33 and its two-hundred day simple moving average is $35.45. Radian Group Inc. has a one year low of $31.50 and a one year high of $41.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.20). The company had revenue of $574.96 million for the quarter, compared to the consensus estimate of $556.55 million. Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The business's revenue was up 92.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 EPS. As a group, equities analysts anticipate that Radian Group Inc. will post 4.86 EPS for the current year.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.255 per share. The ex-dividend date is Monday, August 24th. This represents a $1.02 annualized dividend and a dividend yield of 2.8%. Radian Group's dividend payout ratio (DPR) is currently 26.22%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RDN. Barclays reduced their price objective 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. Weiss Ratings upgraded Radian Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Tuesday, August 11th. 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 note on Tuesday, August 11th. Royal Bank Of Canada assumed coverage on Radian Group in a report on Friday, May 22nd. They issued an "outperform" rating and a $47.00 price target on the stock. Finally, Bank of America raised 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 research note on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.17.

Insider Transactions at Radian Group

In related news, Director Margaret Anne Leyden sold 2,070 shares of the company's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $34.59, for a total value of $71,601.30. Following the completion of the sale, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman Howard Bernard Culang sold 3,612 shares of the company's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $36.00, for a total transaction of $130,032.00. Following the completion of the sale, the chairman directly owned 8,050 shares of the company's stock, valued at approximately $289,800. This trade represents a 30.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 15,517 shares of company stock valued at $557,610. Insiders own 2.03% of the company's stock.

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.

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