Vanguard Group Inc. Lowers Stock Position in Radian Group Inc. (NYSE:RDN)

Vanguard Group Inc. cut its holdings in Radian Group Inc. (NYSE:RDN) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,044,855 shares of the insurance provider’s stock after selling 385,528 shares during the quarter. Vanguard Group Inc. owned approximately 12.12% of Radian Group worth $572,383,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in Radian Group by 11.2% during the fourth quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock worth $6,233,000 after acquiring an additional 19,730 shares in the last quarter. Centiva Capital LP bought a new position in Radian Group during the 3rd quarter valued at approximately $512,000. Principal Financial Group Inc. raised its stake in Radian Group by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock valued at $22,915,000 after buying an additional 13,202 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Radian Group by 5.3% in the fourth quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider’s stock worth $16,205,000 after acquiring an additional 25,500 shares in the last quarter. Finally, EMC Capital Management grew its stake in shares of Radian Group by 300.8% in the fourth quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock worth $584,000 after acquiring an additional 13,810 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the sale, the director now owns 344 shares in the company, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.16% of the company’s stock.

Radian Group Trading Up 0.7 %

NYSE:RDN opened at $33.05 on Tuesday. The company has a 50 day simple moving average of $32.71 and a two-hundred day simple moving average of $33.43. The company has a market cap of $4.79 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 12 month low of $29.17 and a 12 month high of $37.86.

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

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is presently 25.95%.

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group increased their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods cut their price target on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.