Summit Investment Advisors Inc. Purchases 502 Shares of Radian Group Inc. (NYSE:RDN)

Summit Investment Advisors Inc. boosted its holdings in shares of Radian Group Inc. (NYSE:RDN) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,854 shares of the insurance provider’s stock after acquiring an additional 502 shares during the period. Summit Investment Advisors Inc.’s holdings in Radian Group were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management increased its stake in Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 342 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Radian Group by 61.5% during the fourth 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. Covestor Ltd boosted its stake in Radian Group by 35.6% in the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 355 shares during the period. Smartleaf Asset Management LLC increased its holdings in Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Radian Group by 735.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 2,119 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now directly owns 344 shares of the company’s stock, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RDN shares. UBS Group increased their price objective on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $40.00 to $37.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.20.

Radian Group Stock Performance

Shares of NYSE RDN opened at $31.64 on Friday. 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 50 day moving average price of $32.20 and a 200 day moving average price of $33.15. The stock has a market capitalization of $4.47 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a 52 week low of $29.28 and a 52 week high of $37.86.

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

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.22%. This is a boost from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

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.