Tudor Investment Corp ET AL Grows Stake in Radian Group Inc. $RDN

Key Points

• Tudor Investment Corp ET AL increased its stake in Radian Group by 274.3% in Q3, buying an additional 67,357 shares to own 91,912 shares worth about $3.33 million (≈0.07% of the company).
• Radian reported a quarterly EPS beat ($1.16 vs. $1.11) with revenue up 2.7% year-over-year, and the stock trades at a ~8.2 P/E with a $4.61 billion market cap, indicating solid profitability and valuation metrics.
• Radian pays a $0.255 quarterly dividend (annualized $1.02, ~3.0% yield) and has a consensus analyst rating of "Moderate Buy" with a $40.20 average price target.

Tudor Investment Corp ET AL increased its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 274.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,912 shares of the insurance provider's stock after acquiring an additional 67,357 shares during the period. Tudor Investment Corp ET AL owned about 0.07% of Radian Group worth $3,329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its position in Radian Group by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider's stock worth $1,208,000 after acquiring an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Radian Group by 16.7% in the third quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider's stock worth $79,000 after acquiring an additional 310 shares in the last quarter. Bessemer Group Inc. grew its position in Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider's stock worth $29,000 after acquiring an additional 318 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Radian Group by 14.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider's stock worth $97,000 after acquiring an additional 344 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in Radian Group by 14.8% in the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider's stock worth $91,000 after acquiring an additional 357 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RDN shares. Roth Mkm reiterated a "buy" rating and issued a $45.00 target price on shares of Radian Group in a research report on Friday, January 2nd. Zacks Research upgraded shares of Radian Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 20th. UBS Group cut their target price on shares of Radian Group from $41.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 12th. Weiss Ratings lowered shares of Radian Group from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, January 13th. Finally, Barclays cut their target price on shares of Radian Group from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Radian Group has a consensus rating of "Moderate Buy" and a consensus price target of $40.20.

Radian Group Stock Performance

NYSE RDN opened at $34.20 on Friday. The company has a 50-day simple moving average of $33.50 and a two-hundred day simple moving average of $34.36. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.23. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $38.84. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.87 and a beta of 0.77.

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

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders 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 was Monday, February 23rd. Radian Group's dividend payout ratio is presently 24.58%.

Radian Group Company 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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