Farther Finance Advisors LLC Sells 471 Shares of Radian Group Inc. (NYSE:RDN)

Farther Finance Advisors LLC cut its position in shares of Radian Group Inc. (NYSE:RDN) by 4.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,593 shares of the insurance provider’s stock after selling 471 shares during the quarter. Farther Finance Advisors LLC’s holdings in Radian Group were worth $359,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Two Sigma Investments LP acquired a new position in Radian Group during the 4th quarter worth approximately $409,000. Principal Financial Group Inc. lifted its position 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 worth $22,915,000 after purchasing an additional 13,202 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Radian Group by 5.3% during the fourth quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider’s stock worth $16,205,000 after purchasing an additional 25,500 shares during the last quarter. GAMMA Investing LLC grew its position in Radian Group by 3,667.5% in the first quarter. GAMMA Investing LLC now owns 243,494 shares of the insurance provider’s stock valued at $7,363,000 after purchasing an additional 237,031 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Radian Group in the fourth quarter valued at $4,872,000. 95.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Noel Joseph Spiegel sold 5,105 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $33.66, for a total transaction of $171,834.30. Following the transaction, the director now owns 20,008 shares in the company, valued at approximately $673,469.28. This trade represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward J. Hoffman sold 10,000 shares of Radian Group stock in a transaction that occurred 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 sale, the executive vice president now directly owns 201,586 shares of the company’s stock, valued at approximately $6,797,479.92. The trade was a 4.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,378 shares of company stock valued at $2,224,414 over the last ninety days. 2.01% of the stock is currently owned by company insiders.

Radian Group Stock Up 0.7%

Shares of RDN stock opened at $34.51 on Tuesday. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $37.86. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 1.73 and a beta of 0.71. The firm’s 50-day moving average is $33.14 and its 200-day moving average is $32.82. 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) last released its quarterly earnings data 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 13.96% and a net margin of 46.85%. The firm had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. During the same quarter in the prior year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group declared that its board has authorized a stock repurchase 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 reacquire up to 16.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Monday, June 2nd. Radian Group’s dividend payout ratio is 25.95%.

Analyst Upgrades and Downgrades

RDN has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Radian Group from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $38.00 target price (up previously from $37.00) on shares of Radian Group in a report on Friday, May 2nd. Finally, Compass Point cut Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.83.

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.