UBS Group AG Sells 263,179 Shares of Radian Group Inc. $RDN

UBS Group AG trimmed its stake in shares of Radian Group Inc. (NYSE:RDN) by 55.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 214,998 shares of the insurance provider’s stock after selling 263,179 shares during the period. UBS Group AG’s holdings in Radian Group were worth $7,738,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RDN. Jones Financial Companies Lllp raised its position in Radian Group by 14.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 357 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Radian Group by 94.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock valued at $67,000 after buying an additional 901 shares during the period. Walleye Capital LLC bought a new stake in shares of Radian Group during the second quarter worth $239,000. Finally, Marshall Wace LLP bought a new stake in shares of Radian Group during the second quarter worth $452,000. 95.33% of the stock is owned by institutional investors.

Insider Activity at Radian Group

In related news, EVP Edward J. Hoffman sold 15,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $38.00, for a total value of $570,000.00. Following the sale, the executive vice president directly owned 93,708 shares in the company, valued at $3,560,904. This trade represents a 13.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 60,000 shares of company stock valued at $2,190,000. Corporate insiders own 2.03% of the company’s stock.

Radian Group Stock Up 2.4%

Shares of Radian Group stock opened at $37.83 on Tuesday. The business has a fifty day simple moving average of $34.63 and a 200 day simple moving average of $34.61. The stock has a market cap of $5.03 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $38.84.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, May 6th. The insurance provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The firm had revenue of $466.34 million for the quarter, compared to analyst estimates of $377.83 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The company’s quarterly revenue was up 46.6% on a year-over-year basis. Research analysts predict that Radian Group Inc. will post 5.23 EPS for the current year.

Wall Street Analyst Weigh In

RDN has been the topic of several recent research reports. Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and raised their price target for the company from $35.00 to $43.00 in a report on Wednesday, April 29th. UBS Group dropped their price objective on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Radian Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.00.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.