Advisors Asset Management Inc. Has $84,000 Stock Holdings in Radian Group Inc. $RDN

Advisors Asset Management Inc. reduced its position in shares of Radian Group Inc. (NYSE:RDN) by 67.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,537 shares of the insurance provider’s stock after selling 5,154 shares during the quarter. Advisors Asset Management Inc.’s holdings in Radian Group were worth $84,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd raised its stake in Radian Group by 42.6% during the 1st quarter. Covestor Ltd now owns 1,927 shares of the insurance provider’s stock worth $64,000 after buying an additional 576 shares during the period. Virtus Advisers LLC acquired a new position in Radian Group during the 1st quarter worth approximately $88,000. US Bancorp DE raised its stake in Radian Group by 22.7% during the 1st quarter. US Bancorp DE now owns 3,972 shares of the insurance provider’s stock worth $131,000 after buying an additional 735 shares during the period. GAMMA Investing LLC raised its stake in Radian Group by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 7,363 shares of the insurance provider’s stock worth $243,000 after buying an additional 900 shares during the period. Finally, Quantinno Capital Management LP raised its stake in Radian Group by 9.8% during the 4th quarter. Quantinno Capital Management LP now owns 8,629 shares of the insurance provider’s stock worth $274,000 after buying an additional 768 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group reaffirmed a “neutral” rating and set a $38.00 price target (up from $36.00) on shares of Radian Group in a research note on Monday, July 14th. Compass Point downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd. Keefe, Bruyette & Woods downgraded Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a research note on Monday, July 7th. Finally, Barclays increased their price objective on Radian Group from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $37.00.

Insiders Place Their Bets

In other Radian Group news, EVP Edward J. Hoffman sold 20,000 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $36.00, for a total transaction of $720,000.00. Following the completion of the transaction, the executive vice president directly owned 161,586 shares of the company’s stock, valued at approximately $5,817,096. This represents a 11.01% 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. Company insiders own 2.01% of the company’s stock.

Radian Group Stock Performance

RDN stock opened at $35.14 on Friday. The firm has a market cap of $4.76 billion, a PE ratio of 8.85 and a beta of 0.75. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $34.39 and a 200-day moving average of $33.60. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $36.99.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The company had revenue of $318.00 million during the quarter, compared to analyst estimates of $321.97 million. During the same period in the prior year, the company posted $0.98 earnings per share. Radian Group’s quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, August 25th. Radian Group’s dividend payout ratio is 25.69%.

Radian Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 21st that permits the company to buyback $750.00 million in shares. This buyback authorization permits the insurance provider to purchase up to 16.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management 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.