Factorial Partners LLC Has $1.18 Million Stake in Radian Group Inc. (NYSE:RDN)

Factorial Partners LLC cut its holdings in Radian Group Inc. (NYSE:RDN) by 27.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,000 shares of the insurance provider’s stock after selling 13,000 shares during the quarter. Factorial Partners LLC’s holdings in Radian Group were worth $1,179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System raised its holdings in shares of Radian Group by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock valued at $1,319,000 after purchasing an additional 321 shares during the period. Xponance Inc. increased its holdings in shares of Radian Group by 2.5% during the 2nd quarter. Xponance Inc. now owns 13,121 shares of the insurance provider’s stock worth $408,000 after acquiring an additional 321 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Radian Group by 1.1% during the third quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock worth $1,089,000 after buying an additional 339 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Radian Group by 5.2% in the first quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider’s stock valued at $319,000 after acquiring an additional 474 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Radian Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 45,701 shares of the insurance provider’s stock valued at $1,585,000 after acquiring an additional 589 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling

In related news, COO Mary Dickerson sold 19,511 shares of Radian Group stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total transaction of $701,030.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Robert Quigley sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the sale, the chief accounting officer now directly owns 48,392 shares in the company, valued at $1,725,174.80. This trade represents a 13.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,955 shares of company stock valued at $4,130,140 over the last 90 days. 2.16% of the stock is owned by insiders.

Radian Group Stock Down 0.7 %

Shares of RDN opened at $33.85 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. Radian Group Inc. has a 52 week low of $24.92 and a 52 week high of $37.86. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 1.73 and a beta of 1.04. The stock has a fifty day moving average of $34.45 and a 200-day moving average of $33.50.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. The firm had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. As a group, sell-side analysts anticipate that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $0.245 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 2.90%. Radian Group’s dividend payout ratio is 25.39%.

Wall Street Analyst Weigh In

RDN has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Barclays raised their price objective on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Roth Mkm raised their price objective on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Radian Group presently has a consensus rating of “Hold” and an average price target of $36.10.

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.