ProShare Advisors LLC Acquires 14,027 Shares of Radian Group Inc. (NYSE:RDN)

ProShare Advisors LLC increased its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 44.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,621 shares of the insurance provider's stock after buying an additional 14,027 shares during the period. ProShare Advisors LLC's holdings in Radian Group were worth $1,447,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RDN. Picton Mahoney Asset Management increased its holdings in Radian Group by 54.3% during the fourth 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 increased its holdings in 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 worth $40,000 after buying an additional 485 shares during the last quarter. Covestor Ltd boosted 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 worth $43,000 after purchasing an additional 355 shares during the period. Smartleaf Asset Management LLC increased its stake 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 worth $75,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake 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. Hedge funds and other institutional investors own 95.33% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RDN shares. UBS Group lifted their target price on shares of Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Compass Point downgraded shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday. Finally, 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.83.

Radian Group Price Performance

Radian Group stock traded up $0.44 during mid-day trading on Tuesday, hitting $33.72. 129,782 shares of the company traded hands, compared to its average volume of 1,216,519. Radian Group Inc. has a one year low of $29.32 and a one year high of $37.86. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The stock has a fifty day moving average price of $32.68 and a 200-day moving average price of $32.90.

Radian Group (NYSE:RDN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The business had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. During the same period in the previous year, the business posted $1.03 earnings per share. Radian Group's revenue for the quarter was down .4% on a year-over-year basis. On average, equities analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be issued a $0.255 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.03%. Radian Group's payout ratio is 25.95%.

Radian Group announced that its Board of Directors has authorized a share buyback program on Wednesday, May 21st that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the insurance provider to purchase up to 16.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Insider Transactions at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were 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 directly owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.01% of the company's stock.

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.