Wealth Enhancement Advisory Services LLC Sells 2,044 Shares of Radian Group Inc. (NYSE:RDN)

Wealth Enhancement Advisory Services LLC decreased its position in shares of Radian Group Inc. (NYSE:RDN) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 867,825 shares of the insurance provider’s stock after selling 2,044 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.61% of Radian Group worth $28,699,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Radian Group during the 4th quarter worth $73,693,000. First Trust Advisors LP grew its holdings in shares of Radian Group by 20.6% during the 4th 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Radian Group by 109.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 901,260 shares of the insurance provider’s stock worth $28,588,000 after purchasing an additional 470,158 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Radian Group during the 4th quarter worth $9,564,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Radian Group by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock worth $193,307,000 after purchasing an additional 248,423 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Activity

In other news, EVP Edward J. Hoffman sold 10,000 shares of Radian Group stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $33.72, for a total transaction 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. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lisa Mumford sold 2,500 shares of Radian Group stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $33.45, for a total value of $83,625.00. Following the sale, the director now directly owns 22,329 shares in the company, valued at $746,905.05. The trade was a 10.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,378 shares of company stock valued at $2,224,414. 2.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on RDN. Compass Point lowered Radian Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 23rd. UBS Group increased their target price on Radian Group from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $38.00 price objective (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.83.

Radian Group Stock Performance

NYSE:RDN opened at $34.93 on Friday. The stock’s 50-day simple moving average is $33.33 and its 200 day simple moving average is $32.82. The firm has a market capitalization of $4.69 billion, a PE ratio of 8.89 and a beta of 0.71. 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 twelve month low of $29.32 and a twelve month high of $37.86.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. Radian Group had a return on equity of 13.54% and a net margin of 46.29%. Radian Group’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. On average, analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group announced that its Board of Directors has approved a share buyback plan on Wednesday, May 21st that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the insurance provider to repurchase up to 16.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Monday, June 2nd. Radian Group’s payout ratio is 25.95%.

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.