Caxton Associates LLP Takes Position in Radian Group Inc. $RDN

Key Points

• Caxton Associates LLP purchased 74,121 shares of Radian Group Inc., valued at approximately $2.45 million, representing a 0.06% ownership stake in the company.
• Several institutional investors, including Jones Financial and AlphaQuest, have adjusted their positions in Radian Group, with hedge funds and institutional investors owning a combined 95.33% of the company's stock.
• Radian Group recently reported quarterly earnings of $1.01 per share, surpassing analyst estimates, and has announced a quarterly dividend of $0.255, marking a 2.9% dividend yield.

Caxton Associates LLP bought a new stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 74,121 shares of the insurance provider's stock, valued at approximately $2,451,000. Caxton Associates LLP owned approximately 0.06% of Radian Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its position in Radian Group by 14.8% during 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 during the period. AlphaQuest LLC increased its stake in shares of Radian Group by 3.1% during the first quarter. AlphaQuest LLC now owns 15,904 shares of the insurance provider's stock worth $526,000 after purchasing an additional 476 shares in the last quarter. Xponance Inc. raised its position in shares of Radian Group by 5.0% during the 1st quarter. Xponance Inc. now owns 11,379 shares of the insurance provider's stock worth $376,000 after purchasing an additional 538 shares during the last quarter. Covestor Ltd raised its position in shares of Radian Group by 42.6% during the 1st quarter. Covestor Ltd now owns 1,927 shares of the insurance provider's stock worth $64,000 after purchasing an additional 576 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Radian Group by 22.7% in the 1st quarter. US Bancorp DE now owns 3,972 shares of the insurance provider's stock valued at $131,000 after buying an additional 735 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on RDN. Barclays boosted their price objective on Radian Group from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Compass Point cut Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. UBS Group reissued a "neutral" rating and set a $38.00 target price (up previously from $36.00) on shares of Radian Group in a report on Monday, July 14th. Finally, Keefe, Bruyette & Woods cut Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price for the company. in a report on Monday, July 7th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $37.00.

Insider Activity

In related news, EVP Edward J. Hoffman sold 20,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $36.00, for a total value of $720,000.00. Following the completion of the transaction, the executive vice president directly owned 161,586 shares in the company, valued at approximately $5,817,096. This represents a 11.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.16% of the stock is owned by company insiders.

Radian Group Price Performance

RDN stock opened at $35.13 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.68 and a quick ratio of 1.68. The business has a 50 day simple moving average of $34.52 and a 200-day simple moving average of $33.55. The firm has a market capitalization of $4.76 billion, a PE ratio of 8.85 and a beta of 0.75. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $36.99.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. The business had revenue of $318.00 million during the quarter, compared to analyst estimates of $321.97 million. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The business's revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. Equities research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th will be given a $0.255 dividend. The ex-dividend date is Monday, August 25th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.9%. Radian Group's dividend payout ratio is 25.69%.

Radian Group declared that its Board of Directors has authorized a stock repurchase program on Wednesday, May 21st that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the insurance provider to repurchase up to 16.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

About Radian Group

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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