Radian Group Inc. $RDN Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC cut its Radian Group position by 23.5% in the second quarter, selling 86,094 shares and retaining 280,495 shares valued at approximately $10.6 million. Institutional investors and hedge funds collectively own 95.33% of RDN.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $42.17, although Barclays and Keefe, Bruyette & Woods recently lowered their targets.
• Radian reported quarterly revenue of $574.96 million, up 92.3% year over year, but earnings of $1.14 per share missed estimates. The company maintains a quarterly dividend of $0.255 per share, representing a 2.8% annualized yield.

Squarepoint Ops LLC lessened its position in Radian Group Inc. (NYSE:RDN - Free Report) by 23.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 280,495 shares of the insurance provider's stock after selling 86,094 shares during the quarter. Squarepoint Ops LLC owned about 0.21% of Radian Group worth $10,566,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RDN. Northwestern Mutual Wealth Management Co. raised its stake in Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 476 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock worth $29,000 after purchasing an additional 572 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Radian Group during the third quarter worth $34,000. Global Retirement Partners LLC purchased a new stake in shares of Radian Group during the second quarter worth $37,000. Finally, Root Financial Partners LLC raised its position in shares of Radian Group by 67.3% in the first quarter. Root Financial Partners LLC now owns 1,288 shares of the insurance provider's stock valued at $43,000 after buying an additional 518 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RDN has been the subject of several analyst reports. Barclays dropped their target price on Radian Group from $39.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, August 10th. Weiss Ratings raised shares of Radian Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods dropped their price objective on shares of Radian Group from $46.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, August 11th. Royal Bank Of Canada assumed coverage on shares of Radian Group in a report on Friday, May 22nd. They issued an "outperform" rating and a $47.00 price objective for the company. 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.17.

Radian Group Price Performance

RDN stock opened at $36.22 on Friday. Radian Group Inc. has a 52-week low of $31.50 and a 52-week high of $41.05. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.88 and a beta of 0.70. The business has a fifty day moving average of $37.52 and a two-hundred day moving average of $35.85.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 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 analyst estimates 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 for the quarter was up 92.3% on a year-over-year basis. During the same period last year, the company earned $1.01 EPS. As a group, research analysts anticipate that Radian Group Inc. will post 4.86 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.02 dividend on an annualized basis and a yield of 2.8%. Radian Group's dividend payout ratio is presently 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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