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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Radian Group Inc. (NYSE:RDN) by 68.9% during the second quarter, HoldingsChannel reports. The firm owned 329,362 shares of the insurance provider’s stock after selling 729,751 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Radian Group were worth $12,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Deutsche Bank AG purchased a new stake in Radian Group during the 2nd quarter valued at about $13,071,000. Fifth Third Bancorp lifted its holdings in shares of Radian Group by 17,199.1% during the first quarter. Fifth Third Bancorp now owns 156,903 shares of the insurance provider’s stock worth $5,190,000 after purchasing an additional 155,996 shares during the period. Corient Private Wealth LP acquired a new stake in shares of Radian Group during the second quarter worth about $1,099,000. Jefferies Financial Group Inc. boosted its position in Radian Group by 331.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 94,867 shares of the insurance provider’s stock valued at $3,414,000 after buying an additional 72,867 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Radian Group in the 2nd quarter worth approximately $2,801,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RDN shares. Wall Street Zen lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. 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 target price for the company. Weiss Ratings raised shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods reduced their price objective on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Finally, Barclays lowered their target price on Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.17.

Radian Group Stock Performance

NYSE RDN opened at $36.59 on Friday. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.89 and a beta of 0.70. The stock has a 50-day moving average of $37.63 and a 200 day moving average of $35.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14. Radian Group Inc. has a twelve month low of $31.50 and a twelve month high of $41.05.

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

Radian Group Announces Dividend

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

Radian Group Company 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.