Radian Group Inc. (NYSE:RDN) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 23.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,177 shares of the insurance provider's stock after buying an additional 31,837 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.12% of Radian Group worth $5,389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDN. Picton Mahoney Asset Management boosted its stake 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 period. Covestor Ltd raised its holdings in 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 in the last quarter. Jones Financial Companies Lllp raised its holdings in 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. Quantbot Technologies LP acquired a new position in shares of Radian Group during the fourth quarter valued at about $127,000. Finally, Stevens Capital Management LP acquired a new position in shares of Radian Group during the fourth quarter valued at about $213,000. Institutional investors own 95.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RDN shares. Keefe, Bruyette & Woods downgraded Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 price objective for the company. in a research note on Monday, July 7th. Barclays boosted 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 reissued a "neutral" rating and issued a $38.00 target price (up previously from $36.00) on shares of Radian Group in a report on Monday. Finally, Compass Point downgraded 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 stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $37.50.

Insiders Place Their Bets

In other Radian Group news, Director Howard Bernard Culang sold 8,773 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.37, for a total value of $292,755.01. Following the sale, the director directly owned 8,050 shares of the company's stock, valued at approximately $268,628.50. This represents a 52.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lisa Mumford sold 2,500 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.45, for a total transaction of $83,625.00. Following the transaction, the director owned 22,329 shares of the company's stock, valued at approximately $746,905.05. This trade represents a 10.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,378 shares of company stock valued at $2,944,414. 2.16% of the stock is currently owned by company insiders.

Radian Group Trading Down 2.0%

NYSE:RDN traded down $0.67 during trading hours on Tuesday, hitting $33.68. 1,301,034 shares of the company were exchanged, compared to its average volume of 1,286,174. 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 company has a fifty day simple moving average of $34.50 and a 200 day simple moving average of $33.11. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 8.57 and a beta of 0.72. Radian Group Inc. has a one year low of $29.32 and a one year 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, 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 business had revenue of $318.11 million during the quarter, compared to the consensus estimate of $326.99 million. During the same period in the previous year, the firm posted $1.03 earnings per share. The firm's revenue for the quarter was down .4% on a year-over-year basis. Sell-side analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Dividend Announcement

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

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

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.