Strs Ohio Invests $427,000 in Radian Group Inc. $RDN

Strs Ohio bought a new position in Radian Group Inc. (NYSE:RDN - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 12,900 shares of the insurance provider's stock, valued at approximately $427,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its position in shares of Radian Group by 191.3% in 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 period. Intech Investment Management LLC lifted its position in shares of Radian Group by 10.3% in the 1st quarter. Intech Investment Management LLC now owns 69,029 shares of the insurance provider's stock worth $2,283,000 after purchasing an additional 6,429 shares during the period. Jane Street Group LLC lifted its position in shares of Radian Group by 11,446.4% in the 1st quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider's stock worth $43,339,000 after purchasing an additional 1,299,167 shares during the period. United Services Automobile Association purchased a new stake in shares of Radian Group in the 1st quarter worth about $326,000. Finally, Caxton Associates LLP purchased a new position in Radian Group during the 1st quarter valued at about $2,451,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Stock Performance

Shares of RDN stock opened at $36.49 on Tuesday. The company has a 50 day moving average price of $34.52 and a 200-day moving average price of $33.77. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $38.84. The firm has a market capitalization of $4.94 billion, a PE ratio of 9.19 and a beta of 0.75. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.54.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $1.01 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 firm had revenue of $318.00 million during the quarter, compared to analyst estimates of $321.97 million. During the same period in the previous year, the business posted $0.98 earnings per share. The business's revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, August 25th. Radian Group's payout ratio is 25.69%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RDN. UBS Group reissued a "neutral" rating and set a $38.00 price target (up from $36.00) on shares of Radian Group in a research report on Monday, July 14th. 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. Finally, Keefe, Bruyette & Woods cut shares of Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 price target for the company. in a research report on Monday, July 7th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $37.00.

Insider Transactions at Radian Group

In related news, EVP Edward J. Hoffman sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $37.00, for a total transaction of $370,000.00. Following the completion of the sale, the executive vice president directly owned 153,708 shares in the company, valued at approximately $5,687,196. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.16% of the company's stock.

About Radian Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.