Federated Hermes Inc. Grows Position in Radian Group Inc. (NYSE:RDN)

Federated Hermes Inc. lifted its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 11.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,772 shares of the insurance provider's stock after buying an additional 11,648 shares during the period. Federated Hermes Inc. owned approximately 0.08% of Radian Group worth $3,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RDN. Covestor Ltd raised its stake 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 purchasing an additional 355 shares during the period. GAMMA Investing LLC raised its stake in shares of Radian Group by 13.9% in the 1st quarter. GAMMA Investing LLC now owns 7,363 shares of the insurance provider's stock valued at $243,000 after acquiring an additional 900 shares during the period. Quantinno Capital Management LP raised its stake in shares of Radian Group by 9.8% in the 4th quarter. Quantinno Capital Management LP now owns 8,629 shares of the insurance provider's stock valued at $274,000 after acquiring an additional 768 shares during the period. Cerity Partners LLC raised its stake in shares of Radian Group by 27.8% in the 1st quarter. Cerity Partners LLC now owns 11,324 shares of the insurance provider's stock valued at $374,000 after acquiring an additional 2,465 shares during the period. Finally, Xponance Inc. raised its stake in shares of Radian Group by 5.0% in the 1st quarter. Xponance Inc. now owns 11,379 shares of the insurance provider's stock valued at $376,000 after acquiring an additional 538 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Stock Up 1.2%

NYSE RDN traded up $0.39 on Tuesday, hitting $33.29. 1,137,373 shares of the stock were exchanged, compared to its average volume of 1,215,628. The company has a quick ratio of 3.44, a current ratio of 1.68 and a debt-to-equity ratio of 0.54. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $36.99. The company has a market cap of $4.51 billion, a PE ratio of 8.39 and a beta of 0.74. The company has a 50-day moving average price of $34.43 and a 200-day moving average price of $33.31.

Radian Group (NYSE:RDN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. The business had revenue of $318.00 million during the quarter, compared to analysts' expectations of $321.97 million. During the same quarter in the prior year, the business posted $0.98 EPS. The company's revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group announced that its Board of Directors has approved a stock buyback plan 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 plans are usually a sign that the company's leadership believes its shares are undervalued.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were given a dividend of $0.255 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.1%. Radian Group's payout ratio is 25.69%.

Insider Buying and Selling at Radian Group

In related news, Director Lisa Mumford sold 2,500 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.45, for a total transaction of $83,625.00. Following the completion of the sale, the director owned 22,329 shares in the company, valued at $746,905.05. This represents a 10.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noel Joseph Spiegel sold 5,105 shares of the stock in a transaction dated Friday, June 6th. The stock was 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 of the company's stock, valued at $673,469.28. This represents a 20.33% 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 valued at $2,944,414. 2.16% of the stock is owned by insiders.

Analyst Ratings Changes

RDN has been the topic of a number of research analyst reports. UBS Group reissued a "neutral" rating and issued a $38.00 price target (up from $36.00) on shares of Radian Group in a research note on Monday, July 14th. Compass Point downgraded shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Barclays lifted their price objective on shares of Radian Group from $34.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods cut shares of Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 price objective for the company. in a report on Monday, July 7th.

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.