Capital Fund Management S.A. Makes New $3.47 Million Investment in Radian Group Inc. $RDN

Capital Fund Management S.A. bought a new stake in Radian Group Inc. (NYSE:RDN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 96,343 shares of the insurance provider's stock, valued at approximately $3,470,000. Capital Fund Management S.A. owned 0.07% of Radian Group at the end of the most recent quarter.

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Several other large investors also recently modified their holdings of RDN. Jones Financial Companies Lllp lifted its holdings in shares of Radian Group by 14.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider's stock valued at $91,000 after purchasing an additional 357 shares in the last quarter. AlphaQuest LLC raised its holdings in Radian Group by 3.1% during the 1st quarter. AlphaQuest LLC now owns 15,904 shares of the insurance provider's stock worth $526,000 after buying an additional 476 shares during the period. Nordea Investment Management AB lifted its stake in Radian Group by 0.3% in the second quarter. Nordea Investment Management AB now owns 199,681 shares of the insurance provider's stock valued at $7,153,000 after buying an additional 533 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Radian Group by 1.0% in the second quarter. Harbor Capital Advisors Inc. now owns 58,313 shares of the insurance provider's stock valued at $2,100,000 after buying an additional 554 shares during the period. Finally, Geneos Wealth Management Inc. increased its position 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 acquiring an additional 572 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Price Performance

NYSE:RDN opened at $35.51 on Wednesday. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $38.84. The company has a market cap of $4.81 billion, a P/E ratio of 8.94 and a beta of 0.81. 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 stock's 50-day simple moving average is $34.68 and its 200 day simple moving average is $34.62.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, beating the consensus estimate of $0.95 by $0.20. The firm had revenue of $303.19 million during the quarter, compared to analysts' expectations of $308.77 million. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. As a group, sell-side analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, November 24th. Radian Group's payout ratio is presently 25.44%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RDN shares. UBS Group cut their price objective on shares of Radian Group from $43.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 15th. Zacks Research upgraded Radian Group from a "hold" rating to a "strong-buy" rating in a report on Monday, September 22nd. Weiss Ratings reiterated a "buy (a-)" rating on shares of Radian Group in a report on Monday. Finally, Barclays boosted their target price on Radian Group from $35.00 to $37.00 and gave the company a "cautious" rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Read Our Latest Research Report on RDN

Insider Transactions at Radian Group

In other news, EVP Edward J. Hoffman sold 10,000 shares of Radian Group stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the transaction, the executive vice president owned 153,708 shares of the company's stock, valued at $5,687,196. This trade represents a 6.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.01% of the company's stock.

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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