Universal Beteiligungs und Servicegesellschaft mbH Makes New $4.35 Million Investment in Radian Group Inc. (NYSE:RDN)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Radian Group Inc. (NYSE:RDN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 137,138 shares of the insurance provider's stock, valued at approximately $4,350,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Radian Group at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Radian Group by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock valued at $22,915,000 after purchasing an additional 13,202 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Radian Group by 5.3% in the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider's stock valued at $16,205,000 after buying an additional 25,500 shares during the period. Raymond James Financial Inc. acquired a new position in Radian Group during the fourth quarter valued at approximately $4,872,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in Radian Group by 37.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 68,829 shares of the insurance provider's stock worth $2,183,000 after purchasing an additional 18,829 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Radian Group in the 4th quarter valued at $478,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Trading Up 0.5%

Radian Group stock traded up $0.17 during trading hours on Tuesday, hitting $33.80. The stock had a trading volume of 1,422,345 shares, compared to its average volume of 1,224,406. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.73 and a beta of 0.71. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The business's 50 day simple moving average is $32.84 and its 200-day simple moving average is $32.89. 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 released its quarterly 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 net margin of 46.85% and a return on equity of 13.96%. The firm had revenue of $318.11 million during the quarter, compared to the consensus estimate of $326.99 million. During the same quarter last year, the firm earned $1.03 earnings per share. The company's revenue for the quarter was down .4% on a year-over-year basis. On average, equities analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group declared that its Board of Directors has initiated a share buyback program on Wednesday, May 21st that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the insurance provider to reacquire up to 16.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, June 2nd. Radian Group's dividend payout ratio is presently 25.95%.

Analyst Ratings Changes

RDN has been the subject of a number of research analyst reports. UBS Group boosted 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. Compass Point downgraded Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $38.00 price target (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $36.83.

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.