Radian Group Inc. (NYSE:RDN) Stock Holdings Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 39.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 large investors also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its position in shares of Radian Group by 54.3% in 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 in the last quarter. Covestor Ltd increased its position in shares of Radian Group by 35.6% in 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 in the last quarter. Jones Financial Companies Lllp increased 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 acquiring an additional 2,119 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Radian Group in the fourth quarter worth $127,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Radian Group in the fourth quarter worth $213,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Radian Group Stock Down 0.1%

RDN traded down $0.04 during trading hours on Wednesday, reaching $33.63. 246,027 shares of the stock traded hands, compared to its average volume of 1,538,049. 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 company has a market cap of $4.52 billion, a price-to-earnings ratio of 8.56 and a beta of 0.72. The firm's fifty day simple moving average is $34.51 and its two-hundred day simple moving average is $33.13.

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

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

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.03%. Radian Group's dividend payout ratio (DPR) is 25.95%.

Insider Activity

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays increased 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 report on Tuesday, July 8th. Compass Point lowered shares of Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. UBS Group reaffirmed a "neutral" rating and set a $38.00 price target (up from $36.00) on shares of Radian Group in a report on Monday. Finally, Keefe, Bruyette & Woods lowered shares of Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 price target for the company. in a report on Monday, July 7th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Radian Group currently has an average rating of "Hold" and an average price target of $37.50.

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.