Radian Group Inc. (NYSE:RDN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Radian Group Inc. (NYSE:RDN) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,079 shares of the insurance provider’s stock after selling 2,655 shares during the period. Yousif Capital Management LLC’s holdings in Radian Group were worth $1,788,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RDN. Picton Mahoney Asset Management increased its stake in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after buying an additional 342 shares during the period. Covestor Ltd boosted its holdings 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 acquiring an additional 355 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings 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 acquiring an additional 485 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Radian Group by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,854 shares of the insurance provider’s stock worth $503,000 after acquiring an additional 502 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Radian Group by 0.3% during the fourth quarter. Alliancebernstein L.P. now owns 199,889 shares of the insurance provider’s stock worth $6,340,000 after purchasing an additional 629 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RDN shares. UBS Group lifted their price objective 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 downgraded 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 previously from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.83.

Insider Buying and Selling

In related news, EVP Eric Ray sold 30,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 13,957 shares of the company’s stock, valued at approximately $464,768.10. This represents a 68.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Edward J. Hoffman sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $33.72, for a total value of $337,200.00. Following the completion of the transaction, the executive vice president now directly owns 201,586 shares of the company’s stock, valued at approximately $6,797,479.92. This trade represents a 4.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,378 shares of company stock worth $2,224,414 in the last three months. Corporate insiders own 2.01% of the company’s stock.

Radian Group Price Performance

Shares of NYSE:RDN opened at $34.24 on Monday. The business’s 50 day simple moving average is $33.06 and its 200-day simple moving average is $32.83. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $37.86.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm had revenue of $318.11 million during the quarter, compared to analysts’ expectations 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 was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. As a group, equities analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be given a $0.255 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.98%. Radian Group’s dividend payout ratio is presently 25.95%.

Radian Group announced that its board has initiated a stock buyback 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 purchase up to 16.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.