Jane Street Group LLC Has $360,000 Stock Position in Radian Group Inc. (NYSE:RDN)

Jane Street Group LLC trimmed its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 95.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,350 shares of the insurance provider's stock after selling 225,681 shares during the quarter. Jane Street Group LLC's holdings in Radian Group were worth $360,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Radian Group by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock valued at $22,915,000 after purchasing an additional 13,202 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Radian Group by 5.3% during the fourth quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider's stock valued at $16,205,000 after purchasing an additional 25,500 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Radian Group during the fourth quarter valued at $4,872,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Radian Group by 37.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 68,829 shares of the insurance provider's stock valued at $2,183,000 after purchasing an additional 18,829 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Radian Group during the fourth quarter valued at $478,000. 95.33% of the stock is currently owned by institutional investors.

Radian Group Price Performance

NYSE:RDN traded down $0.03 during mid-day trading on Thursday, reaching $33.18. 1,138,277 shares of the stock were exchanged, compared to its average volume of 1,231,200. The business has a fifty day moving average price of $32.86 and a 200 day moving average price of $32.89. The firm has a market capitalization of $4.46 billion, a PE ratio of 8.44, a PEG ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $37.86. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50.

Radian Group (NYSE:RDN - Get Free Report) last released its 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 firm had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Radian Group's revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. Research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group declared that its board has authorized a share 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 buy up to 16.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Monday, June 2nd. Radian Group's payout ratio is currently 25.95%.

Analysts Set New Price Targets

A number of research analysts have recently commented on RDN shares. UBS Group raised their price target on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $38.00 price target (up from $37.00) on shares of Radian Group in a report on Friday, May 2nd. Finally, Compass Point lowered Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Radian Group currently has a consensus rating of "Hold" and a consensus price target of $36.83.

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.