OppenheimerFunds Inc. lowered its stake in shares of Radian Group Inc (NYSE:RDN) by 69.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 690,576 shares of the insurance provider’s stock after selling 1,556,725 shares during the period. OppenheimerFunds Inc. owned 0.32% of Radian Group worth $13,148,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. increased its stake in shares of Radian Group by 75.9% during the 4th quarter. Meeder Asset Management Inc. now owns 7,463 shares of the insurance provider’s stock worth $153,000 after purchasing an additional 3,220 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Radian Group during the 4th quarter worth approximately $204,000. GWM Advisors LLC purchased a new stake in shares of Radian Group during the 1st quarter worth approximately $206,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Radian Group by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock worth $243,000 after purchasing an additional 4,021 shares during the last quarter. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of Radian Group during the 4th quarter worth approximately $278,000. Institutional investors own 93.69% of the company’s stock.

Radian Group opened at $16.87 on Wednesday, according to Marketbeat Ratings. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.34. Radian Group Inc has a 12 month low of $14.06 and a 12 month high of $23.49. The company has a market capitalization of $3.62 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, April 26th. The insurance provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Radian Group had a net margin of 12.99% and a return on equity of 14.94%. The firm had revenue of $291.60 million during the quarter, compared to the consensus estimate of $316.47 million. During the same period last year, the firm earned $0.37 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. equities analysts expect that Radian Group Inc will post 2.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 4th. Shareholders of record on Monday, May 21st were issued a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.06%. The ex-dividend date of this dividend was Friday, May 18th. Radian Group’s payout ratio is 0.55%.

In other news, CEO Richard G. Thornberry purchased 20,000 shares of the business’s stock in a transaction on Monday, April 30th. The stock was purchased at an average cost of $14.62 per share, with a total value of $292,400.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Derek Brummer purchased 19,200 shares of the business’s stock in a transaction on Monday, April 30th. The stock was purchased at an average cost of $14.91 per share, with a total value of $286,272.00. Following the completion of the acquisition, the executive vice president now owns 74,260 shares in the company, valued at $1,107,216.60. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 49,200 shares of company stock valued at $728,822. Insiders own 0.99% of the company’s stock.

Several equities research analysts have recently issued reports on RDN shares. Zacks Investment Research lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 5th. ValuEngine downgraded shares of Radian Group from a “hold” rating to a “sell” rating in a report on Monday, June 4th. Wells Fargo & Co cut their price objective on shares of Radian Group from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, April 19th. Compass Point cut their price objective on shares of Radian Group from $24.25 to $23.25 and set a “buy” rating for the company in a report on Friday, April 27th. Finally, MKM Partners cut their price objective on shares of Radian Group from $27.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, June 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.53.

Radian Group Profile

Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.

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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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