Raymond James Financial Services Advisors Inc. Has $560,000 Stock Position in Radian Group Inc. (NYSE:RDN)

Raymond James Financial Services Advisors Inc. reduced its position in Radian Group Inc. (NYSE:RDN) by 7.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,620 shares of the insurance provider’s stock after selling 1,684 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Radian Group were worth $560,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of RDN. Raymond James & Associates raised its holdings in Radian Group by 14.8% in the 1st quarter. Raymond James & Associates now owns 18,972 shares of the insurance provider’s stock valued at $421,000 after acquiring an additional 2,445 shares during the period. Bank of New York Mellon Corp raised its holdings in Radian Group by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,488,800 shares of the insurance provider’s stock valued at $33,067,000 after acquiring an additional 6,479 shares during the period. MetLife Investment Management LLC raised its holdings in Radian Group by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 94,871 shares of the insurance provider’s stock valued at $2,107,000 after acquiring an additional 34,432 shares during the period. Great West Life Assurance Co. Can raised its holdings in Radian Group by 854.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 96,124 shares of the insurance provider’s stock valued at $2,271,000 after acquiring an additional 86,048 shares during the period. Finally, Sei Investments Co. raised its holdings in Radian Group by 0.5% in the 1st quarter. Sei Investments Co. now owns 333,821 shares of the insurance provider’s stock valued at $7,375,000 after acquiring an additional 1,588 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Stock Down 0.2 %

Shares of RDN opened at $29.28 on Friday. Radian Group Inc. has a 12 month low of $22.93 and a 12 month high of $33.69. The firm’s 50 day moving average is $30.24 and its 200-day moving average is $28.20. The stock has a market capitalization of $4.44 billion, a PE ratio of 7.75, a P/E/G ratio of 1.81 and a beta of 1.02. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The company had revenue of $328.64 million for the quarter, compared to analysts’ expectations of $319.04 million. During the same period last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts forecast that Radian Group Inc. will post 3.27 EPS for the current year.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a dividend yield of 3.35%. Radian Group’s dividend payout ratio (DPR) is currently 25.93%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $35.00 price target (down from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.00.

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.