MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stake in Radian Group Inc. (NYSE:RDN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,549 shares of the insurance provider's stock after purchasing an additional 12,896 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.09% of Radian Group worth $4,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Jefferies Financial Group Inc. bought a new stake in Radian Group during the fourth quarter valued at about $1,232,000. D. E. Shaw & Co. Inc. boosted its holdings in Radian Group by 94.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 57,797 shares of the insurance provider's stock worth $1,833,000 after acquiring an additional 28,124 shares in the last quarter. Deutsche Bank AG boosted its holdings in Radian Group by 137.7% in the fourth quarter. Deutsche Bank AG now owns 211,407 shares of the insurance provider's stock worth $6,706,000 after acquiring an additional 122,479 shares in the last quarter. Bayesian Capital Management LP boosted its holdings in Radian Group by 101.4% in the fourth quarter. Bayesian Capital Management LP now owns 14,900 shares of the insurance provider's stock worth $473,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Radian Group by 8.7% in the fourth quarter. Bank of America Corp DE now owns 678,628 shares of the insurance provider's stock worth $21,526,000 after acquiring an additional 54,144 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

Radian Group Stock Performance

Shares of Radian Group stock traded down $0.38 on Friday, reaching $33.28. 895,943 shares of the stock were exchanged, compared to its average volume of 1,220,731. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a twelve month low of $29.32 and a twelve month high of $37.86. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 1.73 and a beta of 0.71. The business has a 50 day moving average price of $32.65 and a two-hundred day moving average price of $32.91.

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, topping analysts' consensus estimates of $0.95 by $0.04. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The firm had revenue of $318.11 million during the quarter, compared to the consensus estimate of $326.99 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company's revenue was down .4% compared to the same quarter last year. Analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

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 dividend yield of 3.06%. The ex-dividend date is Monday, June 2nd. Radian Group's dividend payout ratio (DPR) is 25.95%.

Radian Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 21st that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the insurance provider to purchase up to 16.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the transaction, the director now directly owns 344 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 2.01% of the company's stock.

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.