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

DekaBank Deutsche Girozentrale increased its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 23.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,177 shares of the insurance provider's stock after acquiring an additional 31,837 shares during the period. DekaBank Deutsche Girozentrale owned about 0.12% of Radian Group worth $5,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RDN. Picton Mahoney Asset Management grew 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 acquiring an additional 342 shares during the period. Covestor Ltd grew 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 valued at $43,000 after purchasing an additional 355 shares during the period. Jones Financial Companies Lllp grew 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 valued at $76,000 after purchasing an additional 2,119 shares during the period. Quantbot Technologies LP acquired a new stake in Radian Group in the fourth quarter valued at approximately $127,000. Finally, Stevens Capital Management LP acquired a new stake in Radian Group in the fourth quarter valued at approximately $213,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Eric Ray sold 30,000 shares of Radian Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $33.30, for a total transaction of $999,000.00. Following the transaction, the executive vice president owned 13,957 shares in the company, valued at approximately $464,768.10. This trade represents a 68.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lisa Mumford sold 2,500 shares of Radian Group stock in a transaction that occurred 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 transaction, the director owned 22,329 shares in the company, valued at approximately $746,905.05. The trade was a 10.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,378 shares of company stock valued at $2,944,414 in the last 90 days. 2.01% of the stock is owned by insiders.

Analysts Set New Price Targets

RDN has been the topic of several research analyst reports. Compass Point lowered Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Keefe, Bruyette & Woods lowered Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 price objective on the stock. in a report on Monday, July 7th. UBS Group raised their price objective on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Barclays raised their price objective on Radian Group from $34.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Radian Group presently has an average rating of "Hold" and a consensus target price of $37.17.

Radian Group Stock Performance

NYSE RDN opened at $33.80 on Friday. The company has a market cap of $4.54 billion, a PE ratio of 8.60 and a beta of 0.72. The stock's 50 day simple moving average is $34.50 and its 200-day simple moving average is $33.09. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $37.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44.

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, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a return on equity of 13.54% and a net margin of 46.29%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. As a group, equities research analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

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

Radian Group Dividend Announcement

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

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.

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