Amundi Has $1.96 Million Stock Holdings in Radian Group Inc. $RDN

Amundi decreased its position in shares of Radian Group Inc. (NYSE:RDN) by 22.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,606 shares of the insurance provider’s stock after selling 17,469 shares during the quarter. Amundi’s holdings in Radian Group were worth $1,958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. AlphaQuest LLC increased its position in shares of Radian Group by 3.1% in the 1st quarter. AlphaQuest LLC now owns 15,904 shares of the insurance provider’s stock valued at $526,000 after buying an additional 476 shares in the last quarter. Xponance Inc. increased its position in shares of Radian Group by 5.0% in the 1st quarter. Xponance Inc. now owns 11,379 shares of the insurance provider’s stock valued at $376,000 after buying an additional 538 shares in the last quarter. Covestor Ltd increased its position in shares of Radian Group by 42.6% in the 1st quarter. Covestor Ltd now owns 1,927 shares of the insurance provider’s stock valued at $64,000 after buying an additional 576 shares in the last quarter. US Bancorp DE increased its position in shares of Radian Group by 22.7% in the 1st quarter. US Bancorp DE now owns 3,972 shares of the insurance provider’s stock valued at $131,000 after buying an additional 735 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Radian Group by 9.8% in the 4th quarter. Quantinno Capital Management LP now owns 8,629 shares of the insurance provider’s stock valued at $274,000 after buying an additional 768 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Transactions at Radian Group

In related news, EVP Edward J. Hoffman sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $36.00, for a total value of $720,000.00. Following the completion of the sale, the executive vice president directly owned 161,586 shares in the company, valued at approximately $5,817,096. This trade represents a 11.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.01% of the company’s stock.

Analysts Set New Price Targets

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

Radian Group Trading Down 1.0%

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

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

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

Radian Group Dividend Announcement

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

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.