Radian Group Inc. (NYSE:RDN) Position Increased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Radian Group by 3.7%, owning approximately 0.21% of the company valued at $9.6 million.
• Insider selling included EVP Edward J. Hoffman, who sold 20,000 shares at $36.00 each, reducing his ownership by 11.01%.
• Radian Group announced a $750 million share buyback plan to repurchase 16.9% of its shares, indicating management believes the stock is undervalued.

Natixis Advisors LLC boosted its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 3.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 290,314 shares of the insurance provider's stock after purchasing an additional 10,368 shares during the quarter. Natixis Advisors LLC owned about 0.21% of Radian Group worth $9,601,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RDN. Covestor Ltd lifted its position in Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after buying an additional 355 shares in the last quarter. GAMMA Investing LLC lifted its position in Radian Group by 13.9% during the first quarter. GAMMA Investing LLC now owns 7,363 shares of the insurance provider's stock valued at $243,000 after buying an additional 900 shares in the last quarter. Quantinno Capital Management LP lifted its position in Radian Group by 9.8% during the fourth quarter. Quantinno Capital Management LP now owns 8,629 shares of the insurance provider's stock valued at $274,000 after buying an additional 768 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Radian Group by 27.8% during the first quarter. Cerity Partners LLC now owns 11,324 shares of the insurance provider's stock worth $374,000 after purchasing an additional 2,465 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of Radian Group by 5.0% during the first quarter. Xponance Inc. now owns 11,379 shares of the insurance provider's stock worth $376,000 after purchasing an additional 538 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Radian Group

In other news, EVP Edward J. Hoffman sold 20,000 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $36.00, for a total transaction of $720,000.00. Following the completion of the transaction, the executive vice president owned 161,586 shares in the company, valued at approximately $5,817,096. This represents a 11.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Howard Bernard Culang sold 8,773 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.37, for a total transaction of $292,755.01. Following the transaction, the director owned 8,050 shares of the company's stock, valued at $268,628.50. This represents a 52.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,378 shares of company stock valued at $2,944,414. Corporate insiders own 2.16% of the company's stock.

Radian Group Stock Performance

RDN stock traded up $0.39 during trading on Tuesday, hitting $33.29. 1,137,373 shares of the company's stock traded hands, compared to its average volume of 1,215,628. The company has a quick ratio of 3.44, a current ratio of 1.68 and a debt-to-equity ratio of 0.54. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $36.99. The stock has a fifty day moving average price of $34.43 and a two-hundred day moving average price of $33.31. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 8.39 and a beta of 0.74.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. The firm had revenue of $318.00 million during the quarter, compared to analyst estimates of $321.97 million. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The firm's revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

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

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were given a dividend of $0.255 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 3.1%. Radian Group's dividend payout ratio is currently 25.69%.

Analysts Set New Price Targets

A number of research analysts have recently commented on RDN shares. Barclays boosted their target price on shares of Radian Group from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods cut shares of Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price on the stock. in a research report on Monday, July 7th. Compass Point cut shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, UBS Group restated a "neutral" rating and issued a $38.00 price target (up previously from $36.00) on shares of Radian Group in a research note on Monday, July 14th.

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.