New York State Common Retirement Fund Has $2.20 Million Stock Holdings in Radian Group Inc. (NYSE:RDN)

New York State Common Retirement Fund boosted its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 41.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,410 shares of the insurance provider's stock after purchasing an additional 19,500 shares during the quarter. New York State Common Retirement Fund's holdings in Radian Group were worth $2,196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Covestor Ltd raised its stake 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 worth $43,000 after purchasing an additional 355 shares during the last quarter. Quantbot Technologies LP purchased a new position in Radian Group during the 4th quarter valued at approximately $127,000. GAMMA Investing LLC grew its holdings in Radian Group by 13.9% during the 1st 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% in the fourth quarter. Quantinno Capital Management LP now owns 8,629 shares of the insurance provider's stock worth $274,000 after buying an additional 768 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Radian Group by 11.4% in the fourth quarter. HighTower Advisors LLC now owns 8,824 shares of the insurance provider's stock worth $280,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Radian Group Price Performance

RDN stock traded up $0.06 during mid-day trading on Friday, hitting $33.83. The stock had a trading volume of 915,390 shares, compared to its average volume of 1,519,949. The firm has a market capitalization of $4.54 billion, a P/E ratio of 8.61 and a beta of 0.72. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $34.52 and a 200 day simple moving average of $33.22. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. Radian Group had a net margin of 46.29% and a return on equity of 13.54%. The firm had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. During the same quarter in the prior year, the business posted $1.03 EPS. The business's revenue was down .4% compared to the same quarter last year. As a group, research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Monday, June 2nd. Radian Group's dividend payout ratio (DPR) is 25.95%.

Radian Group announced that its board has approved a share buyback plan on Wednesday, May 21st that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 16.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods downgraded Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price on the stock. in a research note on Monday, July 7th. Barclays lifted their target price on Radian Group from $34.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. 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 report on Monday, July 14th. Finally, Compass Point cut Radian Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $37.50.

Insiders Place Their Bets

In other Radian Group news, Director Noel Joseph Spiegel sold 5,105 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.66, for a total value of $171,834.30. Following the transaction, the director owned 20,008 shares of the company's stock, valued at $673,469.28. This represents a 20.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lisa Mumford sold 2,500 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.45, for a total value of $83,625.00. Following the sale, the director owned 22,329 shares of the company's stock, valued at $746,905.05. This trade represents a 10.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,378 shares of company stock worth $2,944,414 in the last quarter. Insiders own 2.01% of the company's stock.

About Radian Group

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.