Alps Advisors Inc. Buys 26,329 Shares of Radian Group Inc. (NYSE:RDN)

Alps Advisors Inc. boosted its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 7.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 365,995 shares of the insurance provider's stock after purchasing an additional 26,329 shares during the period. Alps Advisors Inc. owned about 0.26% of Radian Group worth $12,103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in shares of Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after purchasing an additional 2,119 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Radian Group by 1.8% in the fourth quarter. Victory Capital Management Inc. now owns 84,616 shares of the insurance provider's stock valued at $2,684,000 after acquiring an additional 1,517 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Radian Group in the fourth quarter valued at about $4,872,000. Amundi lifted its position in Radian Group by 186.5% during the fourth quarter. Amundi now owns 77,075 shares of the insurance provider's stock worth $2,439,000 after purchasing an additional 50,171 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Radian Group by 24.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,293 shares of the insurance provider's stock worth $1,246,000 after purchasing an additional 7,823 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Activity at Radian Group

In other Radian Group news, EVP Eric Ray sold 30,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.30, for a total value of $999,000.00. Following the transaction, the executive vice president directly owned 13,957 shares of the company's stock, valued at approximately $464,768.10. This trade represents a 68.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Noel Joseph Spiegel sold 5,105 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.66, for a total value of $171,834.30. Following the completion of the transaction, the director directly owned 20,008 shares in the company, valued at $673,469.28. This trade represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,378 shares of company stock valued at $2,944,414 over the last three months. 2.16% of the stock is owned by insiders.

Radian Group Price Performance

Shares of NYSE RDN traded up $0.50 during midday trading on Monday, hitting $34.34. 1,226,032 shares of the company's stock were exchanged, compared to its average volume of 1,549,797. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $37.86. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.52. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 8.74 and a beta of 0.72. The business's fifty day moving average price is $34.50 and its two-hundred day moving average price is $33.11.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The firm had revenue of $318.11 million during the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a return on equity of 13.54% and a net margin of 46.29%. The business's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. As a group, research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group declared that its Board of Directors has approved a share buyback program on Wednesday, May 21st that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the insurance provider to reacquire up to 16.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.97%. Radian Group's payout ratio is presently 25.95%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RDN. Compass Point cut shares of Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Keefe, Bruyette & Woods downgraded shares of Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price for the company. in a research report on Monday, July 7th. Barclays increased their target price on shares of Radian Group from $34.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, UBS Group reaffirmed a "neutral" rating and set a $38.00 price objective (up previously from $36.00) on shares of Radian Group in a research report on Monday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Radian Group presently has a consensus rating of "Hold" and an average target price of $37.50.

Radian Group 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.