WINTON GROUP Ltd Trims Stock Holdings in Radian Group Inc. $RDN

Key Points

• WINTON GROUP cut its stake in Radian Group by 88.7% in Q3, selling 157,650 shares and retaining 20,000 shares worth $724,000.
• Radian reported an EPS beat ($1.16 vs. $1.11 expected) with revenue roughly in line, and pays a quarterly dividend of $0.255 (annualized $1.02, 3.0% yield) while trading at a PE of 8.07 and a market cap of $4.57 billion.
• Analyst sentiment is mixed-to-positive with an average rating of "Moderate Buy" and a $40.60 average price target, and institutional investors own about 95.33% of the stock.

WINTON GROUP Ltd lowered its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 88.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the insurance provider's stock after selling 157,650 shares during the quarter. WINTON GROUP Ltd's holdings in Radian Group were worth $724,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RDN. Bessemer Group Inc. boosted its position in shares of Radian Group by 66.7% during the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider's stock worth $29,000 after buying an additional 318 shares during the period. Financial Consulate Inc. purchased a new position in shares of Radian Group in the third quarter valued at approximately $29,000. Geneos Wealth Management Inc. boosted its stake in shares of Radian Group by 191.3% in the first 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. Salomon & Ludwin LLC acquired a new position in shares of Radian Group in the third quarter valued at approximately $33,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Radian Group by 178.2% in the third quarter. Hantz Financial Services Inc. now owns 1,224 shares of the insurance provider's stock valued at $44,000 after purchasing an additional 784 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Radian Group Stock Up 1.2%

NYSE:RDN traded up $0.39 during mid-day trading on Friday, hitting $33.51. The stock had a trading volume of 191,740 shares, compared to its average volume of 1,315,097. Radian Group Inc. has a twelve month low of $29.32 and a twelve month high of $38.84. The stock has a 50-day simple moving average of $33.74 and a two-hundred day simple moving average of $34.63. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $4.57 billion, a PE ratio of 8.07, a PEG ratio of 1.76 and a beta of 0.80.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The insurance provider reported $1.16 EPS for the quarter, topping 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 company had revenue of $300.51 million during the quarter, compared to analysts' expectations of $300.45 million. During the same quarter in the previous year, the business posted $1.09 EPS. The firm's revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Announces Dividend

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

Analyst Upgrades and Downgrades

RDN has been the topic of a number of research reports. Zacks Research upgraded shares of Radian Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 20th. Weiss Ratings downgraded shares of Radian Group from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, January 13th. UBS Group cut their price objective on Radian Group from $41.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday. Barclays set a $40.00 price objective on Radian Group in a research note on Monday, February 23rd. Finally, Roth Mkm reiterated a "buy" rating and issued a $45.00 target price on shares of Radian Group in a report on Friday, January 2nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $40.60.

About Radian Group

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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