Radian Group Inc. (NYSE:RDN) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 869,869 shares of the insurance provider's stock after acquiring an additional 9,723 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.60% of Radian Group worth $27,592,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Radian Group by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock worth $22,915,000 after buying an additional 13,202 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Radian Group by 5.3% in the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider's stock worth $16,205,000 after buying an additional 25,500 shares during the period. EMC Capital Management lifted its holdings in shares of Radian Group by 300.8% in the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider's stock worth $584,000 after buying an additional 13,810 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Radian Group in the 4th quarter worth $4,872,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Radian Group by 37.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 68,829 shares of the insurance provider's stock worth $2,183,000 after buying an additional 18,829 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RDN. UBS Group upped their price objective on Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $38.00 price objective (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Finally, Compass Point cut Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $36.83.

Radian Group Stock Up 0.5%

Shares of NYSE RDN traded up $0.17 during mid-day trading on Tuesday, reaching $33.80. 1,422,345 shares of the company were exchanged, compared to its average volume of 1,226,876. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.73 and a beta of 0.71. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $37.86. The firm has a 50-day moving average of $32.85 and a 200 day moving average of $32.89.

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 return on equity of 13.96% and a net margin of 46.85%. The company had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. During the same period in the prior year, the company posted $1.03 EPS. The firm's quarterly revenue was down .4% compared to the same quarter last year. On average, research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 21st that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the insurance provider to purchase up to 16.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Monday, June 2nd. Radian Group's dividend payout ratio is currently 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.