D. E. Shaw & Co. Inc. Has $1.83 Million Stake in Radian Group Inc. (NYSE:RDN)

D. E. Shaw & Co. Inc. increased its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 94.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,797 shares of the insurance provider's stock after acquiring an additional 28,124 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Radian Group were worth $1,833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Radian Group by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock worth $22,915,000 after purchasing an additional 13,202 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Radian Group by 5.3% during the fourth quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider's stock worth $16,205,000 after buying an additional 25,500 shares in the last quarter. EMC Capital Management grew its position in Radian Group by 300.8% in the fourth quarter. EMC Capital Management now owns 18,401 shares of the insurance provider's stock worth $584,000 after buying an additional 13,810 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Radian Group in the fourth quarter worth approximately $4,872,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Radian Group by 37.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 68,829 shares of the insurance provider's stock valued at $2,183,000 after buying an additional 18,829 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Stock Up 2.8%

NYSE RDN traded up $0.92 on Tuesday, reaching $34.20. The stock had a trading volume of 1,073,860 shares, compared to its average volume of 1,220,144. The business has a 50 day moving average price of $32.73 and a 200 day moving average price of $32.91. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $37.86. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 1.73 and a beta of 0.71.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The firm's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. On average, analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Monday, June 2nd. Radian Group's dividend payout ratio (DPR) is presently 25.95%.

Radian Group declared that its board has approved a stock buyback program on Wednesday, May 21st that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the insurance provider to repurchase up to 16.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages recently issued reports on RDN. Compass Point cut Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday. UBS Group increased their price target on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $38.00 price objective (up previously from $37.00) on shares of Radian Group in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $36.83.

Insider Buying and Selling at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at approximately $11,231.60. This trade represents a 92.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.01% of the company's stock.

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.