UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in Radian Group Inc. $RDN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Radian Group Inc. (NYSE:RDN) by 68.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 329,362 shares of the insurance provider’s stock after selling 729,751 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of Radian Group worth $12,407,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Radian Group by 178.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 476 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after buying an additional 572 shares during the period. Fifth Third Bancorp grew its position in shares of Radian Group by 65.8% during the 4th quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock worth $33,000 after buying an additional 360 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Radian Group during the third quarter valued at $34,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Radian Group in the second quarter valued at about $37,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

RDN has been the subject of a number of research reports. Barclays lowered their price objective on shares of Radian Group from $39.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods dropped their price objective on shares of Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Royal Bank Of Canada started coverage on shares of Radian Group in a report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price objective on the stock. Finally, Wall Street Zen cut Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.17.

Radian Group Price Performance

Shares of RDN opened at $36.59 on Friday. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70. Radian Group Inc. has a twelve month low of $31.50 and a twelve month high of $41.05. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average of $37.63 and a two-hundred day moving average of $35.73.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The business had revenue of $574.96 million for the quarter, compared to analyst estimates of $556.55 million. During the same period in the previous year, the company posted $1.01 earnings per share. The business’s revenue for the quarter was up 92.3% on a year-over-year basis. As a group, analysts predict that Radian Group Inc. will post 4.86 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Radian Group’s dividend payout ratio is currently 26.22%.

Radian Group Profile

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.