Radian Group Inc. (NYSE:RDN) Shares Sold by Man Group plc

Man Group plc decreased its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 32.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,375 shares of the insurance provider's stock after selling 105,624 shares during the quarter. Man Group plc owned about 0.15% of Radian Group worth $7,085,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Picton Mahoney Asset Management grew its holdings in shares of Radian Group by 54.3% in the fourth 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 during the period. V Square Quantitative Management LLC grew its holdings in shares of Radian Group by 61.5% in the fourth 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 during the period. Covestor Ltd grew its holdings in shares of Radian Group by 35.6% in the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 355 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Radian Group by 124.8% in the fourth 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 during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of Radian Group by 735.8% in the fourth 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 during the period. Hedge funds and other institutional investors own 95.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $38.00 target price (up previously from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. UBS Group upped their target price on shares of Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Radian Group currently has a consensus rating of "Hold" and an average price target of $36.80.

Insider Transactions at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, the director now owns 344 shares of the company's stock, valued at $11,231.60. This trade represents a 92.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.01% of the company's stock.

Radian Group Stock Up 1.8%

Shares of RDN traded up $0.59 during mid-day trading on Thursday, hitting $33.67. 1,163,334 shares of the company's stock were exchanged, compared to its average volume of 1,220,777. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 8.57, a P/E/G 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 quick ratio of 2.01 and a current ratio of 2.87. The stock's 50-day moving average is $32.61 and its 200-day moving average is $32.91.

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

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.255 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 3.03%. Radian Group's dividend payout ratio is presently 25.95%.

Radian Group announced that its Board of Directors has authorized a stock buyback 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 reacquire up to 16.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.