Quantinno Capital Management LP Has $273,000 Stake in Radian Group Inc. (NYSE:RDN)

Quantinno Capital Management LP boosted its position in shares of Radian Group Inc. (NYSE:RDN) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,861 shares of the insurance provider’s stock after acquiring an additional 579 shares during the quarter. Quantinno Capital Management LP’s holdings in Radian Group were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Radian Group during the 3rd quarter worth approximately $27,000. Fifth Third Bancorp raised its position in shares of Radian Group by 859.3% in the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 1,160 shares during the period. CWM LLC raised its position in shares of Radian Group by 539.9% in the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 1,679 shares during the period. Blue Trust Inc. lifted its stake in shares of Radian Group by 352.4% during the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after buying an additional 1,949 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Radian Group during the 2nd quarter worth about $116,000. Institutional investors own 95.33% of the company’s stock.

Radian Group Trading Up 0.5 %

RDN stock opened at $33.70 on Tuesday. Radian Group Inc. has a 52 week low of $26.11 and a 52 week high of $37.86. The company has a market capitalization of $5.02 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. The company’s 50-day simple moving average is $34.39 and its 200 day simple moving average is $33.95. 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 (NYSE:RDN) last announced its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. 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 year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group’s dividend payout ratio (DPR) is currently 25.39%.

Insider Buying and Selling

In related news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Barclays raised their price objective on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.10.

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.