Mirae Asset Global Investments Co. Ltd. Has $3.98 Million Stock Holdings in Radian Group Inc. (NYSE:RDN)

Mirae Asset Global Investments Co. Ltd. increased its position in Radian Group Inc. (NYSE:RDN - Free Report) by 11.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 121,369 shares of the insurance provider's stock after buying an additional 12,498 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of Radian Group worth $3,983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RDN. SG Americas Securities LLC purchased a new stake in shares of Radian Group during the 1st quarter worth about $1,050,000. GAMMA Investing LLC lifted its position in Radian Group by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 7,363 shares of the insurance provider's stock worth $243,000 after acquiring an additional 900 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Radian Group by 22.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 57,759 shares of the insurance provider's stock worth $1,910,000 after acquiring an additional 10,495 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Radian Group by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 869,869 shares of the insurance provider's stock valued at $27,592,000 after acquiring an additional 9,723 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Radian Group in the fourth quarter valued at approximately $4,350,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Buying and Selling at Radian Group

In other news, Director Lisa Mumford sold 2,500 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $33.45, for a total transaction of $83,625.00. Following the completion of the transaction, the director owned 22,329 shares in the company, valued at approximately $746,905.05. This trade represents a 10.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Edward J. Hoffman sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $36.00, for a total transaction of $720,000.00. Following the sale, the executive vice president owned 161,586 shares of the company's stock, valued at $5,817,096. The trade was a 11.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,378 shares of company stock valued at $2,944,414. 2.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RDN. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $38.00 target price (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Compass Point lowered Radian Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, UBS Group increased 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $36.83.

Radian Group Stock Performance

RDN traded down $0.24 on Wednesday, hitting $36.32. 670,398 shares of the company's stock were exchanged, compared to its average volume of 1,276,073. The firm has a market cap of $4.88 billion, a PE ratio of 9.24 and a beta of 0.72. The stock has a fifty day moving average of $33.94 and a two-hundred day moving average of $32.92. Radian Group Inc. has a twelve month low of $29.32 and a twelve month high of $37.86. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.52.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data 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 13.54% and a net margin of 46.29%. The firm had revenue of $318.11 million during the quarter, compared to the consensus estimate of $326.99 million. During the same period in the prior year, the business earned $1.03 EPS. The firm's revenue was down .4% on a year-over-year basis. On average, research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group announced that its board has approved a share repurchase plan on Wednesday, May 21st that permits the company to buyback $750.00 million in shares. This buyback authorization permits the insurance provider to purchase up to 16.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Monday, June 2nd. Radian Group's dividend payout ratio (DPR) is 25.95%.

Radian Group Company 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.