Jones Financial Companies Lllp Increases Holdings in Radian Group Inc. (NYSE:RDN)

Jones Financial Companies Lllp raised its position in Radian Group Inc. (NYSE:RDN) by 735.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,407 shares of the insurance provider’s stock after purchasing an additional 2,119 shares during the quarter. Jones Financial Companies Lllp’s holdings in Radian Group were worth $76,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in Radian Group by 11.2% in the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock worth $6,233,000 after purchasing an additional 19,730 shares during the period. Centiva Capital LP purchased a new stake in Radian Group in the 3rd quarter worth about $512,000. Principal Financial Group Inc. raised its position in Radian Group by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock worth $22,915,000 after purchasing an additional 13,202 shares during the period. EMC Capital Management raised its position in Radian Group by 300.8% in the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock worth $584,000 after purchasing an additional 13,810 shares during the period. Finally, Moran Wealth Management LLC purchased a new stake in Radian Group in the 3rd quarter worth about $2,650,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RDN has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.80.

Insider Activity

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now directly owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.16% of the company’s stock.

Radian Group Stock Performance

Shares of NYSE:RDN opened at $31.52 on Monday. The firm has a market cap of $4.57 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The firm’s 50 day simple moving average is $32.62 and its 200-day simple moving average is $33.65. Radian Group Inc. has a one year low of $29.17 and a one year high of $37.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were paid a dividend of $0.255 per share. The ex-dividend date was Monday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.24%. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

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.