Versor Investments LP Has $1.09 Million Stock Holdings in Radian Group Inc. $RDN

Key Points

• Versor Investments LP has reduced its holdings in Radian Group Inc. by 19.2% in the first quarter, now owning 32,917 shares, valued at approximately $1,089,000.
• Radian Group announced a quarterly dividend of $0.255 per share, representing a 3.0% yield, to be paid on September 9th.
• Several analysts have recently updated their ratings on Radian Group, with UBS Group reaffirming a "neutral" rating and raising the price target from $36.00 to $38.00.

Versor Investments LP cut its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 19.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,917 shares of the insurance provider's stock after selling 7,844 shares during the quarter. Versor Investments LP's holdings in Radian Group were worth $1,089,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RDN. Covestor Ltd lifted its stake in Radian Group by 42.6% in the first quarter. Covestor Ltd now owns 1,927 shares of the insurance provider's stock valued at $64,000 after acquiring an additional 576 shares during the last quarter. US Bancorp DE lifted its stake in Radian Group by 22.7% in the first quarter. US Bancorp DE now owns 3,972 shares of the insurance provider's stock valued at $131,000 after acquiring an additional 735 shares during the last quarter. GAMMA Investing LLC lifted its stake in Radian Group by 13.9% in the first quarter. GAMMA Investing LLC now owns 7,363 shares of the insurance provider's stock valued at $243,000 after acquiring an additional 900 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Radian Group by 9.8% in the fourth quarter. Quantinno Capital Management LP now owns 8,629 shares of the insurance provider's stock valued at $274,000 after acquiring an additional 768 shares during the last quarter. Finally, Ground Swell Capital LLC bought a new position in shares of Radian Group in the first quarter valued at approximately $290,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RDN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered shares of Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 price target on the stock. in a research report on Monday, July 7th. UBS Group reissued a "neutral" rating and issued a $38.00 price target (up previously from $36.00) on shares of Radian Group in a research report on Monday, July 14th. Compass Point lowered shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, Barclays lifted their price target on shares of Radian Group from $34.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $37.00.

Radian Group Stock Performance

RDN stock traded up $0.8060 on Friday, reaching $35.4560. 695,372 shares of the company were exchanged, compared to its average volume of 978,523. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $36.99. The stock's fifty day moving average price is $34.61 and its 200 day moving average price is $33.38. The firm has a market capitalization of $4.80 billion, a PE ratio of 8.93 and a beta of 0.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.68 and a quick ratio of 1.68.

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

Radian Group Dividend Announcement

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

Radian Group announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 21st that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the insurance provider to reacquire up to 16.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Radian Group

In other Radian Group news, EVP Eric Ray sold 30,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.30, for a total value of $999,000.00. Following the sale, the executive vice president owned 13,957 shares of the company's stock, valued at $464,768.10. The trade was a 68.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Noel Joseph Spiegel sold 5,105 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.66, for a total transaction of $171,834.30. Following the completion of the sale, the director directly owned 20,008 shares in the company, valued at $673,469.28. This trade represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,378 shares of company stock worth $2,944,414. 2.01% of the stock is currently owned by company insiders.

Radian Group Company Profile

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.