MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Holdings in Radian Group Inc. $RDN

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Radian Group Inc. (NYSE:RDN) by 15.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 160,319 shares of the insurance provider’s stock after purchasing an additional 21,770 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.12% of Radian Group worth $5,302,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of RDN. Jane Street Group LLC boosted its holdings in shares of Radian Group by 11,446.4% in the first quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider’s stock valued at $43,339,000 after purchasing an additional 1,299,167 shares during the period. Nuveen LLC bought a new position in Radian Group in the first quarter worth approximately $40,749,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Radian Group by 109.1% in the fourth 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 buying an additional 470,158 shares in the last quarter. Deutsche Bank AG raised its stake in Radian Group by 161.9% in the first quarter. Deutsche Bank AG now owns 553,737 shares of the insurance provider’s stock worth $18,312,000 after buying an additional 342,330 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Radian Group by 9.2% in the first quarter. American Century Companies Inc. now owns 3,658,250 shares of the insurance provider’s stock worth $120,978,000 after buying an additional 306,889 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RDN shares. UBS Group reissued a “neutral” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Radian Group in a research note on Monday, July 14th. Barclays boosted their price objective 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. Compass Point downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods downgraded 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 note on Monday, July 7th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, Radian Group currently has a consensus rating of “Hold” and an average target price of $37.00.

Radian Group Stock Performance

Shares of RDN stock opened at $35.51 on Friday. The business’s fifty day simple moving average is $34.43 and its 200-day simple moving average is $33.59. The company has a market cap of $4.81 billion, a PE ratio of 8.94 and a beta of 0.75. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.54. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $36.99.

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

Radian Group Dividend Announcement

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

Radian Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, May 21st that authorizes the company to buyback $750.00 million in outstanding 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 usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Radian Group

In other news, EVP Edward J. Hoffman sold 20,000 shares of the business’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $36.00, for a total transaction of $720,000.00. Following the sale, the executive vice president directly owned 161,586 shares of the company’s stock, valued at $5,817,096. The trade was a 11.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.01% of the stock is owned by company insiders.

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.