38,850 Shares in Radian Group Inc. (NYSE:RDN) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in Radian Group Inc. (NYSE:RDN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 38,850 shares of the insurance provider's stock, valued at approximately $1,232,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Picton Mahoney Asset Management boosted its stake in shares of Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 342 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 485 shares in the last quarter. Covestor Ltd boosted its stake in shares of Radian Group by 35.6% in the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 355 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Radian Group by 124.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Radian Group by 735.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 2,119 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

Radian Group Trading Down 0.1%

Radian Group stock traded down $0.05 during trading hours on Friday, reaching $34.19. 1,478,431 shares of the company's stock traded hands, compared to its average volume of 1,222,769. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $37.86. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 1.73 and a beta of 0.71. The firm's 50 day moving average is $32.83 and its 200-day moving average is $32.91.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. The business had revenue of $318.11 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. On average, analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, May 21st that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the insurance provider to purchase up to 16.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be given a $0.255 dividend. 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 is 25.95%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RDN shares. Compass Point downgraded shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. UBS Group upped their price target on shares of Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $38.00 price target (up previously from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Radian Group currently has a consensus rating of "Hold" and an average price target of $36.83.

Radian Group 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.