Robeco Institutional Asset Management B.V. Has $19.21 Million Holdings in Radian Group Inc. (NYSE:RDN)

Robeco Institutional Asset Management B.V. lowered its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 28.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 580,923 shares of the insurance provider's stock after selling 235,099 shares during the period. Robeco Institutional Asset Management B.V. owned 0.41% of Radian Group worth $19,211,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Norges Bank purchased a new stake in Radian Group during the 4th quarter worth $73,693,000. First Trust Advisors LP lifted its stake in shares of Radian Group by 20.6% during the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock worth $341,505,000 after purchasing an additional 1,836,020 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Radian Group by 109.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 901,260 shares of the insurance provider's stock worth $28,588,000 after buying an additional 470,158 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Radian Group in the fourth quarter valued at about $9,564,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Radian Group by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider's stock valued at $193,307,000 after buying an additional 248,423 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Radian Group

In other Radian Group news, EVP Eric Ray sold 30,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $33.30, for a total value of $999,000.00. Following the transaction, the executive vice president owned 13,957 shares of the company's stock, valued at $464,768.10. This trade represents a 68.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Howard Bernard Culang sold 8,773 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $33.37, for a total value of $292,755.01. Following the sale, the director owned 8,050 shares in the company, valued at $268,628.50. The trade was a 52.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,378 shares of company stock worth $2,944,414. 2.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Radian Group Stock Performance

Shares of RDN traded down $0.21 during mid-day trading on Wednesday, hitting $36.35. The stock had a trading volume of 282,948 shares, compared to its average volume of 1,274,617. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $37.86. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. The company has a market cap of $4.88 billion, a PE ratio of 9.26 and a beta of 0.72. The company's fifty day simple moving average is $33.94 and its two-hundred day simple moving average is $32.92.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings data 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 return on equity of 13.54% and a net margin of 46.29%. The firm had revenue of $318.11 million for the quarter, compared to analysts' expectations of $326.99 million. During the same period last year, the business posted $1.03 earnings per share. The firm's revenue for the quarter was down .4% on a year-over-year basis. On average, equities analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current year.

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

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Monday, June 2nd. Radian Group's dividend payout ratio (DPR) is presently 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.