Radian Group Inc. (NYSE:RDN) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. increased its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 39.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,216 shares of the insurance provider's stock after acquiring an additional 51,390 shares during the period. Edgestream Partners L.P. owned approximately 0.13% of Radian Group worth $6,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management grew its holdings in Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after acquiring an additional 342 shares during the period. Covestor Ltd grew its holdings in Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock worth $43,000 after acquiring an additional 355 shares during the period. Jones Financial Companies Lllp grew its holdings in Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after acquiring an additional 2,119 shares during the period. Quantbot Technologies LP acquired a new position in Radian Group during the fourth quarter worth $127,000. Finally, Stevens Capital Management LP acquired a new position in Radian Group during the fourth quarter worth $213,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Analyst Ratings Changes

RDN has been the topic of a number of research analyst reports. 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, July 7th. Barclays boosted their target price on Radian Group from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. UBS Group reiterated a "neutral" rating and set a $38.00 target price (up from $36.00) on shares of Radian Group in a research report on Monday. Finally, Compass Point downgraded Radian Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.50.

Insider Transactions at Radian Group

In related news, Director Noel Joseph Spiegel sold 5,105 shares of the company's stock in a transaction on 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 approximately $673,469.28. This represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lisa Mumford sold 2,500 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.45, for a total value of $83,625.00. Following the completion of the transaction, the director owned 22,329 shares of the company's stock, valued at $746,905.05. The trade was a 10.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 86,378 shares of company stock valued at $2,944,414. Corporate insiders own 2.01% of the company's stock.

Radian Group Price Performance

Shares of NYSE:RDN traded down $0.15 on Friday, hitting $33.84. The company had a trading volume of 329,485 shares, compared to its average volume of 1,535,760. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.52. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $37.86. The business has a 50 day moving average of $34.51 and a 200 day moving average of $33.15. The company has a market cap of $4.55 billion, a PE ratio of 8.61 and a beta of 0.72.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data 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. Radian Group had a return on equity of 13.54% and a net margin of 46.29%. 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 business earned $1.03 earnings per share. The business's revenue was down .4% on a year-over-year basis. As a group, equities analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were given a $0.255 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 3.01%. Radian Group's dividend payout ratio is currently 25.95%.

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

About Radian Group

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.