GSA Capital Partners LLP Invests $2.80 Million in Radian Group Inc. $RDN

Key Points

• GSA Capital Partners LLP purchased 74,343 Radian Group shares worth approximately $2.8 million during the second quarter, joining other institutional investors that collectively own 95.33% of the company.
• Analyst sentiment remains generally positive, with five Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $42.17. Radian’s stock opened at $37.20, while its latest quarterly EPS of $1.14 fell short of the $1.34 consensus estimate despite revenue rising 92.3% year over year.
• Radian declared a quarterly dividend of $0.255 per share, equivalent to $1.02 annually and a 2.7% yield; the dividend is payable September 9 to shareholders of record as of August 24.

GSA Capital Partners LLP purchased a new position in shares of Radian Group Inc. (NYSE:RDN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 74,343 shares of the insurance provider's stock, valued at approximately $2,801,000. GSA Capital Partners LLP owned about 0.06% of Radian Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDN. Mercer Global Advisors Inc. ADV grew its position in shares of Radian Group by 0.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider's stock worth $1,208,000 after acquiring an additional 288 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Radian Group by 26.9% during the 4th quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider's stock worth $56,000 after purchasing an additional 329 shares during the period. Smartleaf Asset Management LLC grew its position in Radian Group by 14.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider's stock worth $97,000 after purchasing an additional 344 shares during the last quarter. HighTower Advisors LLC grew its position in Radian Group by 6.1% during the 4th quarter. HighTower Advisors LLC now owns 6,060 shares of the insurance provider's stock worth $218,000 after purchasing an additional 349 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake 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 valued at $91,000 after purchasing an additional 357 shares during the period. Hedge funds and other institutional investors own 95.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on RDN. Zacks Research downgraded shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 20th. Keefe, Bruyette & Woods dropped their price target 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. Wall Street Zen downgraded Radian Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Bank of America raised Radian Group from an "underperform" rating to a "buy" rating and increased their price objective for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada assumed coverage on Radian Group in a research note on Friday, May 22nd. They issued an "outperform" rating and a $47.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.17.

Insider Activity at Radian Group

In related news, CEO Michael S. Weinbach acquired 49,513 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average price of $34.04 per share, with a total value of $1,685,422.52. Following the completion of the acquisition, the chief executive officer owned 170,000 shares in the company, valued at approximately $5,786,800. This represents a 41.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction, the chairman owned 8,050 shares in the company, valued at $289,800. The trade was a 30.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,517 shares of company stock worth $557,610 in the last ninety days. Corporate insiders own 2.03% of the company's stock.

Radian Group Stock Up 0.9%

RDN opened at $37.20 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.58. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $41.05. The stock has a market capitalization of $4.92 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.89 and a beta of 0.72. The business has a 50 day simple moving average of $37.21 and a 200-day simple moving average of $35.38.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.20). The business had revenue of $574.96 million during the quarter, compared to analysts' expectations of $556.55 million. Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The company's revenue was up 92.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. On average, equities analysts anticipate that Radian Group Inc. will post 4.93 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors 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 annualized dividend and a dividend yield of 2.7%. Radian Group's dividend payout ratio (DPR) is 26.22%.

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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