EntryPoint Capital LLC Raises Position in Radian Group Inc. (NYSE:RDN)

EntryPoint Capital LLC lifted its stake in shares of Radian Group Inc. (NYSE:RDN) by 130.7% during the fourth quarter, Holdings Channel reports. The fund owned 14,049 shares of the insurance provider’s stock after acquiring an additional 7,958 shares during the period. EntryPoint Capital LLC’s holdings in Radian Group were worth $446,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vest Financial LLC increased its holdings in Radian Group by 35.4% during the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock worth $34,640,000 after purchasing an additional 285,481 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Radian Group by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock valued at $193,307,000 after acquiring an additional 248,423 shares in the last quarter. American Century Companies Inc. lifted its stake in Radian Group by 7.9% in the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock worth $106,305,000 after acquiring an additional 245,303 shares during the last quarter. Barclays PLC grew its holdings in Radian Group by 218.0% during the 3rd quarter. Barclays PLC now owns 284,463 shares of the insurance provider’s stock worth $9,868,000 after acquiring an additional 194,996 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Radian Group by 23.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,020,912 shares of the insurance provider’s stock valued at $32,383,000 after purchasing an additional 192,854 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on RDN. UBS Group boosted their target price on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods cut their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.80.

Radian Group Stock Up 0.6 %

RDN opened at $32.69 on Wednesday. Radian Group Inc. has a one year low of $29.17 and a one year high of $37.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The stock has a market capitalization of $4.74 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The business’s 50-day simple moving average is $32.69 and its 200-day simple moving average is $33.46.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid a $0.255 dividend. The ex-dividend date was Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.12%. Radian Group’s payout ratio is currently 25.95%.

Insider Activity

In related news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at $11,231.60. The trade was a 92.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.16% 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.