Neo Ivy Capital Management Acquires New Stake in Radian Group Inc. (NYSE:RDN)

Neo Ivy Capital Management acquired a new stake in Radian Group Inc. (NYSE:RDN - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 69,214 shares of the insurance provider's stock, valued at approximately $2,402,000.

A number of other large investors also recently modified their holdings of RDN. Arizona State Retirement System boosted its holdings in 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% in the 2nd quarter. Xponance Inc. now owns 13,121 shares of the insurance provider's stock worth $408,000 after buying an additional 321 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Radian Group by 1.1% during the 3rd quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider's stock valued at $1,089,000 after buying an additional 339 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Radian Group by 4.5% during the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider's stock worth $295,000 after acquiring an additional 364 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in Radian Group by 8.0% in the third quarter. Quantinno Capital Management LP now owns 7,861 shares of the insurance provider's stock worth $273,000 after acquiring an additional 579 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Insider Activity at Radian Group

In related news, insider Derek Brummer sold 14,705 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the sale, the insider now 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 currently owned by company insiders.

Radian Group Trading Up 0.3 %

NYSE:RDN traded up $0.09 during trading hours on Wednesday, reaching $33.69. The company's stock had a trading volume of 139,646 shares, compared to its average volume of 1,037,588. The firm has a 50-day simple moving average of $34.44 and a 200-day simple moving average of $33.87. Radian Group Inc. has a 1 year low of $25.78 and a 1 year high of $37.86. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 1.73 and a beta of 1.04. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.15. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. The business had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. Research analysts expect that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Monday, November 25th. Radian Group's payout ratio is 25.39%.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price target 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Radian Group currently has an average rating of "Hold" and a consensus target price 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.