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

SG Americas Securities LLC acquired a new position in shares of Radian Group Inc. (NYSE:RDN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 31,758 shares of the insurance provider's stock, valued at approximately $1,050,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Trust Advisors LP lifted its stake in Radian Group by 20.6% in 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Radian Group by 4.2% in 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. American Century Companies Inc. boosted its position in Radian Group by 7.9% in the 4th quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider's stock valued at $106,305,000 after buying an additional 245,303 shares during the period. Norges Bank bought a new position in Radian Group in the 4th quarter worth about $73,693,000. Finally, River Road Asset Management LLC increased its position in shares of Radian Group by 0.3% during the fourth quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider's stock worth $52,160,000 after acquiring an additional 5,524 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Radian Group

In related news, EVP Edward J. Hoffman sold 10,000 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $34.00, for a total transaction of $340,000.00. Following the transaction, the executive vice president now directly owns 191,586 shares of the company's stock, valued at $6,513,924. This represents a 4.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Howard Bernard Culang sold 8,773 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.37, for a total value of $292,755.01. Following the completion of the sale, the director now directly owns 8,050 shares of the company's stock, valued at approximately $268,628.50. This represents a 52.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,378 shares of company stock worth $2,224,414 over the last quarter. Insiders own 2.16% of the company's stock.

Radian Group Stock Up 2.3%

Shares of NYSE RDN traded up $0.77 during midday trading on Wednesday, reaching $34.65. 1,296,657 shares of the company's stock traded hands, compared to its average volume of 1,245,880. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 8.82 and a beta of 0.71. The stock's 50 day simple moving average is $33.17 and its 200-day simple moving average is $32.82. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. 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 announced its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating 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 business had revenue of $318.11 million for the quarter, compared to analysts' expectations of $326.99 million. During the same quarter last year, the firm earned $1.03 EPS. The business's revenue for the quarter was down .4% on a year-over-year basis. On average, analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

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. This represents a $1.02 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Monday, June 2nd. Radian Group's payout ratio is currently 25.95%.

Radian Group announced that its board has approved a stock repurchase plan on Wednesday, May 21st that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the insurance provider to repurchase up to 16.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

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.