Nuveen Asset Management LLC Has $35.60 Million Holdings in Radian Group Inc. (NYSE:RDN)

Nuveen Asset Management LLC decreased its position in Radian Group Inc. (NYSE:RDN - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,122,176 shares of the insurance provider's stock after selling 152,776 shares during the quarter. Nuveen Asset Management LLC owned 0.75% of Radian Group worth $35,595,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management raised its position in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after buying an additional 342 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after acquiring an additional 485 shares in the last quarter. Covestor Ltd raised 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 last quarter. Smartleaf Asset Management LLC raised 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 last quarter. Finally, Jones Financial Companies Lllp lifted 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 worth $76,000 after purchasing an additional 2,119 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Radian Group Stock Performance

NYSE RDN traded down $0.38 during trading on Monday, reaching $33.28. 895,943 shares of the company's stock were exchanged, compared to its average volume of 1,220,731. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The business has a 50 day moving average price of $32.65 and a 200-day moving average price of $32.90. The stock has a market capitalization of $4.47 billion, a P/E ratio of 8.47, a PEG 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.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating 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 business had revenue of $318.11 million for the quarter, compared to analysts' expectations of $326.99 million. During the same quarter in the prior year, the business earned $1.03 EPS. The firm's revenue for the quarter was down .4% on a year-over-year basis. Sell-side analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Monday, June 2nd. Radian Group's payout ratio is presently 25.95%.

Radian Group declared that its board has approved a stock repurchase 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 buy up to 16.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Insider Transactions at Radian Group

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

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.