Vest Financial LLC Raises Stock Holdings in Radian Group Inc. $RDN

Key Points

• Vest Financial LLC increased its stake in Radian Group by 26.8% in the second quarter, owning 122,936 shares valued at approximately $4.43 million.
• Radian Group's quarterly earnings surpassed analysts' expectations, reporting an EPS of $1.01 compared to a consensus estimate of $0.93.
• The company recently announced a dividend of $0.255 per share, reflecting an annualized yield of 3.1% and a payout ratio of 25.69%.

Vest Financial LLC lifted its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 26.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,936 shares of the insurance provider's stock after purchasing an additional 25,994 shares during the quarter. Vest Financial LLC owned 0.09% of Radian Group worth $4,428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock worth $29,000 after purchasing an additional 572 shares in the last quarter. Covestor Ltd boosted its stake in Radian Group by 42.6% in the first quarter. Covestor Ltd now owns 1,927 shares of the insurance provider's stock worth $64,000 after buying an additional 576 shares in the last quarter. Virtus Advisers LLC purchased a new stake in Radian Group in the first quarter worth approximately $88,000. Jones Financial Companies Lllp boosted its stake 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 buying an additional 357 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Radian Group by 22.7% in the first quarter. US Bancorp DE now owns 3,972 shares of the insurance provider's stock worth $131,000 after buying an additional 735 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Radian Group Stock Performance

NYSE:RDN opened at $33.38 on Tuesday. The firm has a market cap of $4.52 billion, a PE ratio of 8.41 and a beta of 0.73. 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 debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68. The business has a 50 day moving average price of $34.99 and a 200-day moving average price of $34.11.

Radian Group (NYSE:RDN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The insurance provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. The company had revenue of $318.00 million during the quarter, compared to the consensus estimate of $321.97 million. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. Equities research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, August 25th. Radian Group's dividend payout ratio is currently 25.69%.

Analysts Set New Price Targets

Several analysts have issued reports on RDN shares. Barclays upped their target price on Radian Group from $35.00 to $37.00 and gave the stock a "cautious" rating in a research note on Monday, October 6th. Keefe, Bruyette & Woods lowered Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price for the company. in a research note on Monday, July 7th. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Radian Group in a research note on Wednesday, October 8th. UBS Group reaffirmed a "neutral" rating and issued a $38.00 target price (up previously from $36.00) on shares of Radian Group in a research note on Monday, July 14th. Finally, Zacks Research raised Radian Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $37.50.

Insider Activity at Radian Group

In related news, EVP Edward J. Hoffman sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the completion of the transaction, the executive vice president owned 153,708 shares in the company, valued at $5,687,196. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Company 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.

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