Wedge Capital Management LLP NC invests $203,000 in Radian Group Inc. (NYSE: RDN)

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Wedge Capital Management LLP NC acquired a new position in shares of Radian Group Inc. (NYSE: RDN – Get Rating) in Q1, reports HoldingsChannel.com. The fund acquired 9,147 shares of the insurance provider, valued at around $203,000.

Other hedge funds and other institutional investors also changed their stakes in the company. Nordea Investment Management AB increased its position in Radian Group by 2.7% in the first quarter. Nordea Investment Management AB now owns 318,269 shares of the insurance provider worth $7,222,000 after purchasing an additional 8,484 shares during the period. Thrivent Financial for Lutherans increased its position in Radian Group by 4.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,888,300 shares of the insurance provider worth $82,160,000 after purchasing an additional 156,214 shares during the period. Seven Eight Capital LP acquired a new stake in Radian Group in the fourth quarter worth approximately $322,000. Schonfeld Strategic Advisors LLC increased its position in Radian Group by 182.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 367,270 shares of the insurance provider worth $7,760,000 after purchasing an additional 237,318 shares during the period. Finally, Cubist Systematic Strategies LLC increased its position in Radian Group by 319.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 405,079 shares of the insurance provider worth $8,559,000 after purchasing an additional 308,536 shares during the period. Institutional investors and hedge funds own 95.48% of the company’s shares.

In other news, Executive Vice President Edward J. Hoffman sold 10,000 shares of Radian Group in a trade dated Friday, May 13. The stock was sold at an average price of $20.87, for a total transaction of $208,700.00. Following the completion of the sale, the executive vice president now directly owns 126,416 shares of the company, valued at approximately $2,638,301.92. The sale was disclosed in a filing with the SEC, accessible via this link. Additionally, Chairman Howard Bernard Culang sold 5,982 shares of Radian Group in a trade dated Tuesday, May 17. The shares were sold at an average price of $21.60, for a total value of $129,211.20. Following the sale, the president now owns 8,050 shares of the company, valued at $173,880. The disclosure of this sale can be found here. During the last quarter, insiders sold 31,962 shares of the company valued at $680,379. 1.42% of the shares are held by insiders.

NYSE: RDN opened at $19.61 on Friday. The company has a debt ratio of 0.38, a current ratio of 1.07 and a quick ratio of 1.07. Radian Group Inc. has a fifty-two week low of $17.97 and a fifty-two week high of $24.84. The stock’s 50-day moving average is $20.91 and its two-hundred-day moving average is $21.89. The stock has a market capitalization of $3.39 billion, a PE ratio of 5.52, a growth price-earnings ratio of 1.05 and a beta of 1.22.

Radian Group (NYSE: RDN – Get Rating) last reported results on Tuesday, May 3. The insurance provider reported earnings per share of $1.17 for the quarter, beating the consensus estimate of $0.91 by $0.26. Radian Group achieved a return on equity of 17.18% and a net margin of 50.71%. The company posted revenue of $292.98 million for the quarter, compared to $318.22 million expected by analysts. In the same quarter a year earlier, the company posted EPS of $0.68. The company’s revenue for the quarter was down 10.9% year over year. On average, stock research analysts expect Radian Group Inc. to post 3.6 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 3. Shareholders of record on Monday, May 23 received a dividend of $0.20 per share. The ex-dividend date was Friday, May 20. This represents an annualized dividend of $0.80 and a dividend yield of 4.08%. Radian Group’s dividend payout rate is 22.54%.

A number of equity research analysts have weighed in on RDN stocks. StockNews.com upgraded Radian Group from a “hold” rating to a “buy” rating in a research report Thursday. BTIG Research reduced its target price on Radian Group from $28.00 to $26.00 in a Tuesday, April 12 report. One analyst rated the stock with a sell rating, one assigned a hold rating and three assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $27.70.

About Radian Group (Get a rating)

Radian Group Inc, together with its subsidiaries, is engaged in the mortgage and real estate services business in the United States. Its Mortgage segment provides credit-related insurance coverage primarily through private mortgage insurance on first-rank residential mortgages, as well as other credit risk management, contract underwriting and insurance solutions. ‘execution.

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Want to see which other hedge funds hold RDN? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Radian Group Inc. (NYSE: RDN – Get Rating).

Institutional ownership by quarter for Radian Group (NYSE: RDN)



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