GAMMA Investing LLC boosted its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 3,667.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,494 shares of the insurance provider's stock after buying an additional 237,031 shares during the quarter. GAMMA Investing LLC owned approximately 0.17% of Radian Group worth $7,363,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. First Trust Advisors LP lifted its position in shares of Radian Group by 20.6% during the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock valued at $341,505,000 after buying an additional 1,836,020 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Radian Group by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider's stock worth $193,307,000 after acquiring an additional 248,423 shares in the last quarter. American Century Companies Inc. lifted its position in Radian Group by 7.9% during the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider's stock valued at $106,305,000 after acquiring an additional 245,303 shares during the last quarter. Norges Bank purchased a new stake in Radian Group during the fourth quarter valued at approximately $73,693,000. Finally, River Road Asset Management LLC boosted its stake in Radian Group by 0.3% in the fourth quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider's stock valued at $52,160,000 after acquiring an additional 5,524 shares in the last quarter. Institutional investors own 95.33% of the company's stock.
Insider Transactions at Radian Group
In related news, EVP Edward J. Hoffman sold 10,000 shares of Radian Group stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $33.72, for a total value of $337,200.00. Following the sale, the executive vice president now owns 201,586 shares of the company's stock, valued at approximately $6,797,479.92. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 now directly owns 13,957 shares in the company, valued at approximately $464,768.10. The trade was a 68.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.01% of the company's stock.
Radian Group Stock Performance
Shares of NYSE:RDN traded down $0.13 during trading on Monday, hitting $33.40. The stock had a trading volume of 1,157,694 shares, compared to its average volume of 1,233,691. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $37.86. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The stock has a 50-day simple moving average of $32.85 and a two-hundred day simple moving average of $32.87.
Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. The company had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Radian Group's revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. On average, equities research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.
Radian Group announced that its board has initiated a stock buyback program on Wednesday, May 21st that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits 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 management believes its stock is undervalued.
Radian Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be issued a $0.255 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 3.05%. Radian Group's dividend payout ratio (DPR) is presently 25.95%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. UBS Group upped their price target on Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $38.00 target price (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Finally, Compass Point cut Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.83.
Get Our Latest Stock Report on RDN
About Radian Group
(
Free Report)
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.
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