SG Americas Securities LLC Increases Stock Position in Radian Group Inc. $RDN

Key Points

• SG Americas Securities LLC increased its stake in Radian Group by 108.9% in Q4, buying an additional 29,750 shares to hold 57,059 shares worth about $2.05 million, and overall institutional ownership stands at 95.33%.
• Radian has a consensus analyst rating of "Moderate Buy" with an average target price of $40.60 (ratings mix: 1 Strong Buy, 3 Buy, 2 Hold, 1 Sell).
• Radian beat Q4 EPS expectations at $1.16 vs. $1.11 and reported $300.51M in revenue; the stock trades near $33.62 with a P/E of 8.1 and pays a $1.02 annual dividend (~3.0% yield).

SG Americas Securities LLC increased its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 108.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,059 shares of the insurance provider's stock after buying an additional 29,750 shares during the period. SG Americas Securities LLC's holdings in Radian Group were worth $2,054,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Radian Group by 178.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 476 shares during the period. Financial Consulate Inc. purchased a new position in shares of Radian Group in the third quarter valued at $29,000. Bessemer Group Inc. grew its position in shares of Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 318 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 572 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Radian Group during the 3rd quarter valued at about $33,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RDN. Roth Mkm reaffirmed a "buy" rating and set a $45.00 price objective on shares of Radian Group in a research note on Friday, January 2nd. Zacks Research raised Radian Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 20th. Weiss Ratings cut Radian Group from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, January 13th. Keefe, Bruyette & Woods upgraded Radian Group from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $41.00 to $42.00 in a research report on Wednesday, February 11th. Finally, UBS Group decreased their target price on Radian Group from $41.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.60.

Radian Group Stock Down 0.1%

RDN stock opened at $33.62 on Friday. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.82 and a beta of 0.77. The business's 50 day moving average price is $33.37 and its two-hundred day moving average price is $34.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.40 and a current ratio of 3.40.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The insurance provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.05. The company had revenue of $300.51 million for the quarter, compared to analyst estimates of $300.45 million. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The firm's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. As a group, analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, February 23rd. Radian Group's dividend payout ratio is 24.58%.

Radian Group 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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