Radian Group Inc. (NYSE:RDN) Shares Purchased by Alps Advisors Inc.

Alps Advisors Inc. grew its position in Radian Group Inc. (NYSE:RDN - Free Report) by 7.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 365,995 shares of the insurance provider's stock after buying an additional 26,329 shares during the period. Alps Advisors Inc. owned 0.26% of Radian Group worth $12,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RDN. Norges Bank acquired a new stake in shares of Radian Group in the 4th quarter worth $73,693,000. First Trust Advisors LP raised its stake in Radian Group by 20.6% in the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock valued at $341,505,000 after buying an additional 1,836,020 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Radian Group by 109.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 901,260 shares of the insurance provider's stock valued at $28,588,000 after buying an additional 470,158 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Radian Group in the fourth quarter worth about $9,564,000. Finally, American Century Companies Inc. grew its stake in shares of Radian Group by 7.9% during the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider's stock worth $106,305,000 after acquiring an additional 245,303 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on RDN. UBS Group increased their price objective on shares of Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Compass Point cut shares of Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Barclays lifted their price objective on shares of Radian Group from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods downgraded Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price on the stock. in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $37.17.

Radian Group Stock Performance

NYSE:RDN traded down $0.44 during midday trading on Friday, hitting $33.80. The company's stock had a trading volume of 977,323 shares, compared to its average volume of 1,284,346. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $37.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44. The firm has a market cap of $4.54 billion, a P/E ratio of 8.60 and a beta of 0.72. The firm's 50 day moving average is $34.50 and its 200-day moving average is $33.09.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings data 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 net margin of 46.29% and a return on equity of 13.54%. The business had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. During the same period in the prior year, the firm earned $1.03 EPS. The business's revenue for the quarter was down .4% on a year-over-year basis. Equities analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Monday, June 2nd. Radian Group's dividend payout ratio is currently 25.95%.

Radian Group announced that its board has approved a stock buyback plan on Wednesday, May 21st that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the insurance provider to buy up to 16.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Radian Group

In other news, Director Howard Bernard Culang sold 8,773 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.37, for a total value of $292,755.01. Following the sale, the director owned 8,050 shares in the company, valued at $268,628.50. This represents a 52.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric Ray sold 30,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $33.30, for a total value of $999,000.00. Following the completion of the transaction, the executive vice president directly owned 13,957 shares of the company's stock, valued at $464,768.10. The trade was a 68.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,378 shares of company stock worth $2,944,414. Insiders own 2.01% of the company's stock.

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.