UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $28.59 Million Position in Radian Group Inc. (NYSE:RDN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Radian Group Inc. (NYSE:RDN - Free Report) by 109.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 901,260 shares of the insurance provider's stock after purchasing an additional 470,158 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.61% of Radian Group worth $28,588,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Barclays PLC grew its holdings in Radian Group by 218.0% in the 3rd quarter. Barclays PLC now owns 284,463 shares of the insurance provider's stock worth $9,868,000 after buying an additional 194,996 shares in the last quarter. CX Institutional grew its stake in shares of Radian Group by 5.8% in the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider's stock worth $261,000 after purchasing an additional 451 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Radian Group by 5.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 29,132 shares of the insurance provider's stock valued at $924,000 after purchasing an additional 1,532 shares during the period. Blue Trust Inc. raised its stake in shares of Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after purchasing an additional 528 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Radian Group by 46.5% in the fourth quarter. KBC Group NV now owns 6,565 shares of the insurance provider's stock worth $208,000 after purchasing an additional 2,084 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Activity

In other news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at approximately $11,231.60. This trade represents a 92.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RDN shares. Compass Point cut shares of Radian Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Keefe, Bruyette & Woods restated 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. Finally, UBS Group lifted their price objective on shares of Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Radian Group has a consensus rating of "Hold" and a consensus target price of $36.83.

Radian Group Stock Down 0.6%

Shares of RDN stock traded down $0.21 during trading on Wednesday, hitting $33.97. 954,920 shares of the company were exchanged, compared to its average volume of 1,221,326. The business's 50-day simple moving average is $32.77 and its 200 day simple moving average is $32.92. Radian Group Inc. has a twelve month low of $29.32 and a twelve month high of $37.86. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 1.73 and a beta of 0.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87.

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

Radian Group announced that its Board of Directors has authorized a share repurchase program on Wednesday, May 21st that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the insurance provider to buy up to 16.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.255 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 3.00%. Radian Group's dividend 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.