Measured Wealth Private Client Group LLC Buys 861 Shares of Radian Group Inc. (NYSE:RDN)

Measured Wealth Private Client Group LLC boosted its stake in Radian Group Inc. (NYSE:RDN) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,395 shares of the insurance provider’s stock after acquiring an additional 861 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Radian Group were worth $582,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new stake in Radian Group during the fourth quarter valued at about $16,368,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Radian Group in the fourth quarter valued at approximately $16,918,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Radian Group by 42.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,084 shares of the insurance provider’s stock valued at $4,942,000 after buying an additional 51,852 shares in the last quarter. Comerica Bank raised its holdings in Radian Group by 5,573.5% during the 3rd quarter. Comerica Bank now owns 222,287 shares of the insurance provider’s stock valued at $5,582,000 after acquiring an additional 218,369 shares during the period. Finally, Tudor Investment Corp Et Al purchased a new stake in shares of Radian Group during the third quarter worth $6,735,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $35.00 price target (down from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Radian Group currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Radian Group Stock Performance

Shares of NYSE:RDN traded up $0.05 during midday trading on Friday, reaching $30.79. 856,640 shares of the company traded hands, compared to its average volume of 838,493. The company has a quick ratio of 1.65, a current ratio of 0.40 and a debt-to-equity ratio of 0.39. Radian Group Inc. has a 12 month low of $23.13 and a 12 month high of $33.69. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 1.88 and a beta of 1.03. The firm’s fifty day moving average price is $30.80 and its two-hundred day moving average price is $28.51.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. The company had revenue of $319.42 million for the quarter, compared to analyst estimates of $314.76 million. During the same period in the previous year, the company posted $0.98 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts expect that Radian Group Inc. will post 3.27 earnings per share for the current year.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a $0.245 dividend. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s dividend payout ratio is currently 25.93%.

About Radian Group

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.