Harbor Capital Advisors Inc. Has $1.91 Million Stake in Radian Group Inc. (NYSE:RDN)

Harbor Capital Advisors Inc. increased its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 22.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,759 shares of the insurance provider's stock after buying an additional 10,495 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Radian Group were worth $1,910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Radian Group by 3,667.5% during the 1st quarter. GAMMA Investing LLC now owns 243,494 shares of the insurance provider's stock worth $7,363,000 after buying an additional 237,031 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Radian Group by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 869,869 shares of the insurance provider's stock valued at $27,592,000 after purchasing an additional 9,723 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Radian Group in the 4th quarter valued at $4,350,000. Jefferies Financial Group Inc. bought a new position in Radian Group in the 4th quarter valued at $1,232,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Radian Group by 109.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 901,260 shares of the insurance provider's stock valued at $28,588,000 after purchasing an additional 470,158 shares during the last quarter. Institutional investors own 95.33% of the company's stock.

Insider Buying and Selling

In related news, Director Lisa Mumford sold 2,500 shares of Radian Group stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.45, for a total transaction of $83,625.00. Following the completion of the sale, the director now directly owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Edward J. Hoffman sold 10,000 shares of Radian Group stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $34.00, for a total value of $340,000.00. Following the sale, the executive vice president now directly owns 191,586 shares of the company's stock, valued at approximately $6,513,924. This trade represents a 4.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,378 shares of company stock valued at $2,224,414 over the last three months. Company insiders own 2.01% of the company's stock.

Radian Group Trading Down 0.5%

Shares of NYSE RDN traded down $0.16 during midday trading on Friday, hitting $34.24. The stock had a trading volume of 1,039,500 shares, compared to its average volume of 1,240,245. The company's 50-day simple moving average is $33.06 and its 200 day simple moving average is $32.83. The firm has a market cap of $4.60 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. 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 0.50, a current ratio of 2.87 and a quick ratio of 2.01.

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

Radian Group declared that its board has initiated a share repurchase 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Radian Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Compass Point downgraded Radian Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. UBS Group lifted their price objective 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 reiterated an "outperform" rating and issued a $38.00 price objective (up previously from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $36.83.

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.