Rhumbline Advisers Sells 28,687 Shares of Radian Group Inc. (NYSE:RDN)

Rhumbline Advisers trimmed its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 459,385 shares of the insurance provider's stock after selling 28,687 shares during the period. Rhumbline Advisers owned approximately 0.34% of Radian Group worth $15,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management increased 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 valued at $31,000 after acquiring an additional 342 shares during the period. V Square Quantitative Management LLC increased its stake in Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 485 shares during the period. Covestor Ltd increased its stake in Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 355 shares during the period. Smartleaf Asset Management LLC increased its stake in Radian Group by 124.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after acquiring an additional 1,320 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after acquiring an additional 2,119 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $33.72, for a total transaction of $337,200.00. Following the transaction, the executive vice president now owns 201,586 shares of the company's stock, valued at approximately $6,797,479.92. This represents a 4.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric Ray sold 30,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.30, for a total value of $999,000.00. Following the transaction, the executive vice president now directly owns 13,957 shares in the company, valued at approximately $464,768.10. This represents a 68.25% decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is owned by corporate insiders.

Radian Group Trading Up 1.0%

RDN stock opened at $33.54 on Friday. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $37.86. The firm has a market cap of $4.51 billion, a P/E ratio of 8.53, a P/E/G ratio of 1.73 and a beta of 0.71. The business's 50 day moving average is $32.85 and its 200-day moving average is $32.88. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. The business had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Radian Group's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 EPS. Equities analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group declared that its board has initiated a stock repurchase 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 buy up to 16.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Radian Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.04%. Radian Group's dividend payout ratio (DPR) is presently 25.95%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group boosted their price target on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Compass Point lowered Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $38.00 price objective (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $36.83.

Radian Group 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.

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