US Bancorp DE Grows Stock Holdings in Radian Group Inc. (NYSE:RDN)

US Bancorp DE raised its position in Radian Group Inc. (NYSE:RDN) by 22.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,972 shares of the insurance provider’s stock after acquiring an additional 735 shares during the quarter. US Bancorp DE’s holdings in Radian Group were worth $131,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. First Trust Advisors LP increased its position in shares of Radian Group by 20.6% in the fourth 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 period. Capital World Investors boosted its stake in shares of Radian Group by 19.5% during the 4th quarter. Capital World Investors now owns 1,208,457 shares of the insurance provider’s stock valued at $38,332,000 after purchasing an additional 197,147 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 valued at $28,588,000 after purchasing an additional 470,158 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Radian Group by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 869,869 shares of the insurance provider’s stock valued at $27,592,000 after purchasing an additional 9,723 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Radian Group by 8.7% during the 4th quarter. Bank of America Corp DE now owns 678,628 shares of the insurance provider’s stock valued at $21,526,000 after purchasing an additional 54,144 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RDN. Barclays lifted their target price on shares of Radian Group from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods cut shares of Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price objective on the stock. in a report on Monday, July 7th. UBS Group restated a “neutral” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Radian Group in a report on Monday, July 14th. Finally, Compass Point cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 23rd.

Insider Activity at Radian Group

In other Radian Group news, Director Lisa Mumford sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $33.45, for a total transaction of $83,625.00. Following the completion of the sale, the director directly owned 22,329 shares of the company’s stock, valued at approximately $746,905.05. This represents a 10.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel Joseph Spiegel sold 5,105 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $33.66, for a total transaction of $171,834.30. Following the sale, the director directly owned 20,008 shares of the company’s stock, valued at approximately $673,469.28. This represents a 20.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,378 shares of company stock valued at $2,944,414 over the last quarter. 2.01% of the stock is owned by company insiders.

Radian Group Trading Down 1.8%

Shares of NYSE RDN opened at $34.52 on Friday. The firm’s 50 day moving average price is $34.53 and its 200-day moving average price is $33.35. The company has a market cap of $4.68 billion, a PE ratio of 8.70 and a beta of 0.74. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $36.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. The company had revenue of $318.00 million for the quarter, compared to the consensus estimate of $321.97 million. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. On average, equities research analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 25th will be given a dividend of $0.255 per share. The ex-dividend date is Monday, August 25th. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. Radian Group’s dividend payout ratio is 25.69%.

Radian Group declared that its board has authorized a stock buyback plan on Wednesday, May 21st that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the insurance provider to purchase up to 16.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.