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

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

Other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its position 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 worth $31,000 after buying an additional 342 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Radian Group by 61.5% during 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 last quarter. Covestor Ltd grew its stake in Radian Group by 35.6% during the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 355 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock worth $75,000 after buying an additional 1,320 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position 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. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Trading Down 1.1%

Shares of Radian Group stock traded down $0.38 during trading on Friday, reaching $33.28. 895,943 shares of the stock were exchanged, compared to its average volume of 1,220,731. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The stock's fifty day moving average is $32.65 and its 200 day moving average is $32.90. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The company 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%. During the same period in the previous year, the company posted $1.03 earnings per share. The firm's revenue was down .4% on a year-over-year basis. As a group, 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 of Directors has authorized a stock repurchase program on Wednesday, May 21st that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the insurance provider to repurchase up to 16.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board 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. Stockholders 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 dividend yield of 3.06%. The ex-dividend date is Monday, June 2nd. Radian Group's payout ratio is 25.95%.

Insider Activity at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now owns 344 shares in the company, valued at $11,231.60. This represents a 92.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.01% of the stock is currently owned by insiders.

Analyst Ratings Changes

RDN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $38.00 target price (up previously from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Compass Point lowered shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research report on Friday. Finally, UBS Group increased their target price 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.