Cwm LLC Has $827,000 Stock Holdings in Radian Group Inc. (NYSE:RDN)

Cwm LLC lessened its position in Radian Group Inc. (NYSE:RDN) by 68.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,019 shares of the insurance provider’s stock after selling 54,898 shares during the period. Cwm LLC’s holdings in Radian Group were worth $827,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RDN. Norges Bank acquired a new position in Radian Group during the 4th quarter valued at about $73,693,000. First Trust Advisors LP increased its stake in shares of Radian Group by 20.6% in the 4th quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider’s stock valued at $341,505,000 after acquiring an additional 1,836,020 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Radian Group by 109.1% in 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 valued at $28,588,000 after acquiring an additional 470,158 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Radian Group in the 4th quarter valued at about $9,564,000. Finally, GAMMA Investing LLC increased its stake in shares of Radian Group by 3,667.5% in the 1st quarter. GAMMA Investing LLC now owns 243,494 shares of the insurance provider’s stock valued at $7,363,000 after acquiring an additional 237,031 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Stock Performance

Radian Group stock opened at $34.29 on Wednesday. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $37.86. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $34.52 and its two-hundred day moving average price is $33.20. The stock has a market cap of $4.61 billion, a PE ratio of 8.73 and a beta of 0.72.

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

Radian Group declared that its board has authorized a stock buyback program on Wednesday, May 21st that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 16.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.255 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.97%. Radian Group’s dividend payout ratio is 25.95%.

Insider Activity

In related news, Director Howard Bernard Culang sold 8,773 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.37, for a total transaction of $292,755.01. Following the completion of the sale, the director owned 8,050 shares in the company, valued at approximately $268,628.50. This represents a 52.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Noel Joseph Spiegel sold 5,105 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.66, for a total value of $171,834.30. Following the sale, the director owned 20,008 shares of the company’s stock, valued at $673,469.28. This trade represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,378 shares of company stock valued at $2,944,414. Corporate insiders own 2.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RDN. Compass Point downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 23rd. UBS Group reaffirmed a “neutral” rating and set a $38.00 price target (up previously from $36.00) on shares of Radian Group in a research report on Monday, July 14th. Keefe, Bruyette & Woods downgraded Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price target for the company. in a research report on Monday, July 7th. Finally, Barclays increased their price objective on Radian Group from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.50.

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.