Measured Wealth Private Client Group LLC Boosts Holdings in Radian Group Inc. (NYSE:RDN)

Measured Wealth Private Client Group LLC grew its holdings in Radian Group Inc. (NYSE:RDN) by 2.2% in the 1st quarter, HoldingsChannel reports. The firm owned 20,848 shares of the insurance provider’s stock after purchasing an additional 453 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Radian Group were worth $698,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RDN. Hexagon Capital Partners LLC boosted its stake in shares of Radian Group by 145.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 557 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Radian Group in the fourth quarter valued at approximately $46,000. AXS Investments LLC purchased a new position in shares of Radian Group in the fourth quarter valued at approximately $66,000. GAMMA Investing LLC purchased a new position in shares of Radian Group in the fourth quarter valued at approximately $101,000. Finally, Mather Group LLC. purchased a new position in Radian Group in the first quarter worth approximately $125,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

RDN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upgraded shares of Radian Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $35.00 to $36.00 in a research note on Monday, June 3rd. UBS Group lifted their price target on shares of Radian Group from $30.00 to $31.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $31.13.

Insiders Place Their Bets

In other news, EVP Eric Ray sold 65,305 shares of Radian Group stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $31.05, for a total value of $2,027,720.25. Following the transaction, the executive vice president now directly owns 53,791 shares of the company’s stock, valued at approximately $1,670,210.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Derek Brummer sold 35,000 shares of Radian Group stock in a transaction on Friday, May 24th. The shares were sold at an average price of $31.33, for a total value of $1,096,550.00. Following the transaction, the insider now directly owns 218,023 shares of the company’s stock, valued at approximately $6,830,660.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric Ray sold 65,305 shares of Radian Group stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $31.05, for a total transaction of $2,027,720.25. Following the completion of the transaction, the executive vice president now directly owns 53,791 shares in the company, valued at $1,670,210.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,004 shares of company stock valued at $3,651,517. 2.16% of the stock is owned by corporate insiders.

Radian Group Stock Up 1.1 %

RDN stock traded up $0.35 during midday trading on Tuesday, reaching $31.54. 741,224 shares of the company were exchanged, compared to its average volume of 1,111,695. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.80 and a current ratio of 1.80. Radian Group Inc. has a 1-year low of $24.34 and a 1-year high of $33.69. The stock’s 50-day simple moving average is $30.94 and its 200 day simple moving average is $30.07. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.20. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The company had revenue of $319.42 million for the quarter, compared to analysts’ expectations of $314.76 million. During the same quarter last year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Radian Group Inc. will post 3.52 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.245 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.98 dividend on an annualized basis and a yield of 3.11%. Radian Group’s payout ratio is currently 25.93%.

Radian Group 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.