Radian Group Inc. $RDN Stock Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners increased its Radian Group stake by 91.1% in the third quarter, adding 45,289 shares to hold 95,015 shares valued at about $2.9 million.
• Several other institutional investors also increased their holdings, and institutions collectively owned 95.33% of Radian’s stock.
• Radian reported quarterly EPS of $1.44, beating the $1.20 consensus estimate, while revenue of $624.1 million also exceeded forecasts. Analysts’ consensus rating was “Moderate Buy,” with a $43.29 price target.

CenterBook Partners LP grew its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 91.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,015 shares of the insurance provider's stock after acquiring an additional 45,289 shares during the period. CenterBook Partners LP owned 0.07% of Radian Group worth $2,908,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vise Technologies Inc. increased its position in Radian Group by 43.9% during the 3rd quarter. Vise Technologies Inc. now owns 35,547 shares of the insurance provider's stock worth $1,088,000 after buying an additional 10,848 shares during the period. Summit Global Investments boosted its position in shares of Radian Group by 9.5% in the third quarter. Summit Global Investments now owns 37,554 shares of the insurance provider's stock valued at $1,150,000 after acquiring an additional 3,255 shares during the period. State of Wyoming boosted its position in shares of Radian Group by 20.4% in the third quarter. State of Wyoming now owns 33,424 shares of the insurance provider's stock valued at $1,023,000 after acquiring an additional 5,660 shares during the period. Total Wealth Planning & Management Inc. bought a new stake in shares of Radian Group in the third quarter valued at about $292,000. Finally, Signaturefd LLC grew its stake in shares of Radian Group by 166.8% in the third quarter. Signaturefd LLC now owns 5,774 shares of the insurance provider's stock valued at $177,000 after acquiring an additional 3,610 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

More Radian Group News

Here are the key news stories impacting Radian Group this week:

• Positive Sentiment: Radian earned $1.44 per share, beating analyst estimates of roughly $1.20–$1.27 and rising from $1.15 a year earlier. Revenue reached $624.1 million, above the cited consensus estimate. RDN Q3 Earnings Beat on Specialty Strength, Revenues Rise Y/Y
• Positive Sentiment: Operating income increased 25.2%, supported by strength in Specialty Insurance, including Inigo, as well as underwriting and investment income. Commentary following the earnings release also highlighted a valuation case that RDN could be substantially below estimated fair value; that assessment is a model-based view, not a guaranteed return. Radian Group Could Be 66% Below Fair Value As Strong Q3 Earnings Land
• Neutral Sentiment: Barclays raised its price target from $36 to $37 but kept an “equal weight” rating, implying limited upside at the cited share price and signaling a measured analyst outlook. Barclays stock recommendations
• Negative Sentiment: Despite the earnings beat, RDN shares declined in the latest trading session. The provided reports do not identify a specific catalyst for that move, so it may reflect investor caution or profit-taking rather than a clearly reported deterioration in results.

Analyst Ratings Changes

Several equities analysts recently commented on RDN shares. BTIG Research initiated coverage on shares of Radian Group in a research note on Tuesday, September 22nd. They issued a "buy" rating and a $48.00 price target on the stock. 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 research note on Tuesday, August 11th. Zacks Research raised shares of Radian Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 13th. Weiss Ratings lowered shares of Radian Group from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, October 13th. Finally, Wall Street Zen lowered shares of Radian Group from a "buy" rating to a "hold" rating in a research report on Saturday, October 10th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.29.

Radian Group Price Performance

Shares of NYSE RDN opened at $35.95 on Friday. The business has a fifty day moving average price of $34.80 and a two-hundred day moving average price of $35.27. The stock has a market capitalization of $4.76 billion, a PE ratio of 8.81, a P/E/G ratio of 0.90 and a beta of 0.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.37 and a quick ratio of 0.60. Radian Group Inc. has a fifty-two week low of $30.53 and a fifty-two week high of $41.05.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, November 4th. The insurance provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.24. The company had revenue of $624.11 million for the quarter, compared to analyst estimates of $595.99 million. Radian Group had a return on equity of 14.39% and a net margin of 28.41%. During the same period in the prior year, the firm posted $1.15 EPS. As a group, equities analysts predict that Radian Group Inc. will post 4.85 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were given a dividend of $0.2550 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.02 annualized dividend and a yield of 2.8%. Radian Group's dividend payout ratio is currently 25.00%.

Insider Activity

In other Radian Group news, EVP Meghan Bartholomew sold 7,812 shares of the firm's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $35.94, for a total value of $280,763.28. Following the transaction, the executive vice president directly owned 39,203 shares of the company's stock, valued at $1,408,955.82. This trade represents a 16.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Stephen Keleher sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $38.58, for a total transaction of $308,640.00. Following the completion of the transaction, the executive vice president owned 27,789 shares of the company's stock, valued at $1,072,099.62. The trade was a 22.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.03% of the company's stock.

Radian Group Company Profile

Radian Group Inc NYSE: RDN is a financial services company that provides mortgage insurance and related services to the residential real estate industry. Through its mortgage insurance subsidiaries, including Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, particularly loans made to borrowers with smaller down payments. Its insurance can also help borrowers obtain home financing without contributing a traditional 20% down payment.

Radian's mortgage insurance business serves mortgage lenders, banks, credit unions and other housing finance participants primarily in the United States.

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