Radian Group Inc. (NYSE:RDN) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in Radian Group Inc. (NYSE:RDN) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,426 shares of the insurance provider’s stock after selling 22,788 shares during the period. Russell Investments Group Ltd.’s holdings in Radian Group were worth $2,995,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RDN. Norges Bank purchased a new stake in shares of Radian Group in the 4th quarter worth about $73,693,000. Vest Financial LLC grew its position in shares of Radian Group by 35.4% in the fourth quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock valued at $34,640,000 after purchasing an additional 285,481 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Radian Group by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock worth $193,307,000 after purchasing an additional 248,423 shares in the last quarter. American Century Companies Inc. raised its position in shares of Radian Group by 7.9% during the 4th quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock worth $106,305,000 after purchasing an additional 245,303 shares during the last quarter. Finally, Barclays PLC lifted its stake in Radian Group by 218.0% in the 3rd quarter. Barclays PLC now owns 284,463 shares of the insurance provider’s stock valued at $9,868,000 after buying an additional 194,996 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RDN. Keefe, Bruyette & Woods lowered their price target on shares of Radian Group from $40.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. UBS Group raised their price objective on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $36.20.

Radian Group Stock Up 0.8 %

Shares of NYSE:RDN opened at $31.64 on Friday. The firm has a 50 day simple moving average of $32.22 and a 200 day simple moving average of $33.17. Radian Group Inc. has a 52 week low of $29.17 and a 52 week 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. The company has a market cap of $4.47 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS 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%. As a group, research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

Insider Transactions at Radian Group

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

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.