Jupiter Topco LLC Purchases Shares of 59,874 Radian Group Inc. $RDN

Key Points

• Jupiter Topco LLC bought 59,874 Radian Group shares in the second quarter, worth approximately $2.26 million. Institutional investors collectively own 95.33% of Radian’s outstanding stock.
• Radian reported quarterly revenue of $574.96 million, up 92.3% year over year, but earnings of $1.14 per share missed analyst expectations of $1.34. The stock opened at $36.85, with a market capitalization of about $4.88 billion.
• The company declared a quarterly dividend of $0.255 per share, equivalent to a 2.8% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $42.17.

Jupiter Topco LLC purchased a new stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 59,874 shares of the insurance provider's stock, valued at approximately $2,257,000.

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. acquired a new position in Radian Group during the 2nd quarter worth about $728,072,000. Charles Schwab Investment Management Inc. raised its position in shares of Radian Group by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,959,463 shares of the insurance provider's stock worth $214,481,000 after acquiring an additional 63,437 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Radian Group by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,948,335 shares of the insurance provider's stock worth $196,773,000 after acquiring an additional 230,912 shares during the last quarter. Donald Smith & CO. Inc. acquired a new position in shares of Radian Group in the second quarter worth approximately $163,104,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Radian Group by 16.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,188,624 shares of the insurance provider's stock worth $78,769,000 after acquiring an additional 315,575 shares during the period. Institutional investors own 95.33% of the company's stock.

Radian Group Trading Up 1.0%

RDN opened at $36.85 on Friday. The company has a fifty day moving average price of $37.65 and a two-hundred day moving average price of $35.72. Radian Group Inc. has a 1-year low of $31.50 and a 1-year high of $41.05. The company has a market cap of $4.88 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14.

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 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 company had revenue of $574.96 million for the quarter, compared to the consensus estimate of $556.55 million. During the same period last year, the company earned $1.01 EPS. Radian Group's revenue for the quarter was up 92.3% compared to the same quarter last year. Analysts predict that Radian Group Inc. will post 4.86 EPS for the current fiscal year.

Radian Group Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have weighed in on RDN shares. Barclays decreased their target price on shares of Radian Group from $39.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, August 10th. Keefe, Bruyette & Woods reduced their price objective on shares of 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 began coverage on shares of Radian Group in a research report on Friday, May 22nd. They set an "outperform" rating and a $47.00 price objective for the company. Weiss Ratings upgraded shares of Radian Group from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Radian Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.17.

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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