Squarepoint Ops LLC Grows Stock Position in Radian Group Inc. (NYSE:RDN)

Squarepoint Ops LLC boosted its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 505.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195,709 shares of the insurance provider's stock after purchasing an additional 163,374 shares during the quarter. Squarepoint Ops LLC owned about 0.13% of Radian Group worth $6,208,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management boosted its holdings in Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 342 shares in the last quarter. Covestor Ltd boosted its holdings in Radian Group by 35.6% in the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 355 shares in the last quarter. CX Institutional boosted its holdings in Radian Group by 5.8% in the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider's stock valued at $261,000 after purchasing an additional 451 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 485 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in Radian Group by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,854 shares of the insurance provider's stock valued at $503,000 after purchasing an additional 502 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Stock Performance

NYSE RDN traded down $0.02 on Friday, reaching $34.22. The stock had a trading volume of 154,494 shares, compared to its average volume of 1,215,075. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $37.86. The business's 50-day moving average price is $32.80 and its 200 day moving average price is $32.92. The stock has a market cap of $4.60 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The company had revenue of $318.11 million during the quarter, compared to analysts' expectations of $326.99 million. During the same quarter in the previous year, the business earned $1.03 earnings per share. The firm's revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group announced that its board has approved a stock buyback program on Wednesday, May 21st that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the insurance provider to reacquire up to 16.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Monday, June 2nd. Radian Group's dividend payout ratio (DPR) is presently 25.95%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RDN shares. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $38.00 price target (up from $37.00) on shares of Radian Group in a report on Friday, May 2nd. Compass Point downgraded Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Finally, UBS Group boosted their price objective on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $36.83.

Radian Group 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.