UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 431,102 shares of the insurance provider's stock after selling 15,501 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.29% of Radian Group worth $14,955,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Radian Group during the 3rd quarter valued at about $27,000. Fifth Third Bancorp grew its stake in Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 1,160 shares in the last quarter. CWM LLC increased its holdings in shares of Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider's stock worth $62,000 after buying an additional 1,679 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Radian Group by 37.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider's stock worth $70,000 after buying an additional 611 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Radian Group by 352.4% during the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider's stock worth $87,000 after buying an additional 1,949 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.
Analyst Ratings Changes
Separately, Barclays raised their price target on shares of Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $36.10.
Read Our Latest Stock Report on Radian Group
Insiders Place Their Bets
In other news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares of the company's stock, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.16% of the company's stock.
Radian Group Trading Up 0.2 %
Radian Group stock traded up $0.08 during trading on Friday, hitting $34.64. The company had a trading volume of 796,288 shares, compared to its average volume of 1,015,619. Radian Group Inc. has a 1-year low of $24.92 and a 1-year high of $37.86. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The company's 50 day simple moving average is $34.48 and its 200-day simple moving average is $33.82. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04.
Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.88 by $0.15. The business had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. As a group, analysts expect that Radian Group Inc. will post 4 EPS for the current fiscal year.
Radian Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a $0.245 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 2.83%. Radian Group's dividend payout ratio (DPR) is 25.39%.
Radian Group Profile
(
Free Report)
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.
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