Smartleaf Asset Management LLC Has $75,000 Stock Position in Radian Group Inc. (NYSE:RDN)

Smartleaf Asset Management LLC grew its stake in shares of Radian Group Inc. (NYSE:RDN) by 124.8% in the 4th quarter, HoldingsChannel reports. The fund owned 2,378 shares of the insurance provider’s stock after purchasing an additional 1,320 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Radian Group were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in RDN. Van ECK Associates Corp boosted its stake in Radian Group by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 87,071 shares of the insurance provider’s stock valued at $2,986,000 after purchasing an additional 24,880 shares during the period. Versor Investments LP raised its position in Radian Group by 316.7% during the 3rd quarter. Versor Investments LP now owns 49,239 shares of the insurance provider’s stock worth $1,708,000 after purchasing an additional 37,422 shares during the last quarter. KBC Group NV lifted its holdings in Radian Group by 19.0% in the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock valued at $155,000 after buying an additional 716 shares during the period. Quest Partners LLC acquired a new position in shares of Radian Group during the 3rd quarter valued at $1,161,000. Finally, Moran Wealth Management LLC acquired a new position in shares of Radian Group during the third quarter worth approximately $2,650,000. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.16% of the stock is owned by insiders.

Radian Group Stock Up 1.5 %

RDN opened at $32.13 on Monday. Radian Group Inc. has a one year low of $29.17 and a one year high of $37.86. The company has a fifty day moving average price of $32.67 and a 200-day moving average price of $33.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The firm has a market capitalization of $4.66 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Equities research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, February 24th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.17%. Radian Group’s dividend payout ratio is currently 25.95%.

Analysts Set New Price Targets

RDN has been the topic of several analyst reports. UBS Group boosted their price target on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.80.

Radian Group Company Profile

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.