SG Americas Securities LLC Takes $1.05 Million Position in Radian Group Inc. (NYSE:RDN)

SG Americas Securities LLC bought a new stake in Radian Group Inc. (NYSE:RDN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,758 shares of the insurance provider's stock, valued at approximately $1,050,000.

A number of other institutional investors have also recently added to or reduced their stakes in RDN. Picton Mahoney Asset Management lifted its stake in Radian Group by 54.3% in 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 last quarter. V Square Quantitative Management LLC raised its position in shares of Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 485 shares during the period. Covestor Ltd raised its position 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 valued at $43,000 after purchasing an additional 355 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after purchasing an additional 1,320 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of 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. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $34.00, for a total value of $340,000.00. Following the sale, the executive vice president now owns 191,586 shares of the company's stock, valued at $6,513,924. The trade was a 4.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eric Ray sold 30,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.30, for a total transaction of $999,000.00. Following the completion of the sale, the executive vice president now directly owns 13,957 shares in the company, valued at $464,768.10. This trade represents a 68.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,378 shares of company stock valued at $2,224,414. 2.01% of the stock is owned by company insiders.

Radian Group Stock Performance

RDN stock traded up $0.24 on Friday, reaching $34.93. 5,849,834 shares of the company were exchanged, compared to its average volume of 1,262,226. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $37.86. The stock's fifty day moving average price is $33.33 and its 200 day moving average price is $32.81. The firm has a market capitalization of $4.69 billion, a PE ratio of 8.89 and a beta of 0.71. 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 announced its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $326.99 million. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Radian Group's revenue was down .4% compared to the same quarter last year. On average, research analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

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

Radian Group Announces Dividend

The business also recently announced 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. This represents a $1.02 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Monday, June 2nd. Radian Group's dividend payout ratio (DPR) is currently 25.95%.

Analyst Ratings Changes

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

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.