Ensign Peak Advisors Inc Trims Position in Radian Group Inc. (NYSE:RDN)

Ensign Peak Advisors Inc reduced its position in Radian Group Inc. (NYSE:RDN) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 43,439 shares of the insurance provider’s stock after selling 1,000 shares during the period. Ensign Peak Advisors Inc’s holdings in Radian Group were worth $1,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management grew its position in shares of Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 342 shares during the period. Covestor Ltd grew its holdings in Radian Group by 35.6% in the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock valued at $43,000 after buying an additional 355 shares during the period. CX Institutional increased its stake in shares of Radian Group by 5.8% during the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 451 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 485 shares during the period. Finally, Summit Investment Advisors Inc. boosted its position in shares of Radian Group by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,854 shares of the insurance provider’s stock worth $503,000 after acquiring an additional 502 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the transaction, the director now owns 344 shares of the company’s stock, valued at $11,231.60. This trade represents a 92.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.01% of the stock is owned by insiders.

Radian Group Trading Up 2.4%

NYSE RDN opened at $34.87 on Friday. The company’s fifty day moving average price is $32.40 and its two-hundred day moving average price is $32.91. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $37.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The firm had revenue of $318.11 million for the quarter, compared to analysts’ expectations of $326.99 million. During the same period last year, the firm earned $1.03 EPS. The firm’s revenue was down .4% compared to the same quarter last year. As a group, research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group increased their price target on shares of Radian Group from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $38.00 price target (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $36.80.

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.