Radian Group Inc. (NYSE:RDN) Stock Holdings Increased by ProShare Advisors LLC

ProShare Advisors LLC increased its position in Radian Group Inc. (NYSE:RDN - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,621 shares of the insurance provider's stock after acquiring 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.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Radian Group by 218.0% during the 3rd quarter. Barclays PLC now owns 284,463 shares of the insurance provider's stock worth $9,868,000 after acquiring an additional 194,996 shares during the period. CX Institutional increased its holdings in shares of Radian Group by 5.8% during the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider's stock worth $261,000 after buying an additional 451 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Radian Group by 5.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 29,132 shares of the insurance provider's stock worth $924,000 after buying an additional 1,532 shares during the period. Blue Trust Inc. boosted its holdings in Radian Group by 21.1% in the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after acquiring an additional 528 shares during the last quarter. Finally, KBC Group NV grew its position in Radian Group by 46.5% during the fourth quarter. KBC Group NV now owns 6,565 shares of the insurance provider's stock valued at $208,000 after acquiring an additional 2,084 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Stock Down 1.1%

RDN stock traded down $0.38 during midday trading on Friday, hitting $33.28. 895,943 shares of the company's stock were exchanged, compared to its average volume of 1,220,731. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average price of $32.65 and a 200-day moving average price of $32.91. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping 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 company 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 firm earned $1.03 EPS. The company's revenue was down .4% on a year-over-year basis. On average, analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Announces Dividend

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

Radian Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 21st that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase up to 16.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Compass Point cut 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 target price (up previously from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Finally, UBS Group upped their price target on shares of Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $36.83.

Insiders Place Their Bets

In other Radian Group 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 value of $133,865.00. Following the completion of the transaction, the director now directly owns 344 shares in the company, valued at $11,231.60. The trade was a 92.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.01% of the stock is 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.