Radian Group Inc. (NYSE:RDN) Stake Raised by Amundi

Amundi increased its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 186.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,075 shares of the insurance provider's stock after buying an additional 50,171 shares during the period. Amundi owned about 0.05% of Radian Group worth $2,439,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its position in shares of Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after acquiring an additional 485 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after purchasing an additional 1,320 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Radian Group by 735.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after purchasing an additional 2,119 shares during the last quarter. Blue Trust Inc. raised its position in shares of Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after purchasing an additional 528 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Radian Group by 19.0% during the 3rd 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 last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms recently issued reports on RDN. UBS Group upped their price target on shares of Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their target price on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Radian Group currently has an average rating of "Hold" and an average target price of $36.80.

Insider Buying and Selling

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.16% of the stock is owned by company insiders.

Radian Group Stock Performance

Radian Group stock traded up $0.30 during mid-day trading on Thursday, reaching $31.99. The company's stock had a trading volume of 1,907,288 shares, compared to its average volume of 974,696. 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 twelve month low of $29.17 and a twelve month high of $37.86. The business has a 50 day moving average price of $32.61 and a 200-day moving average price of $33.57. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings data 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 net margin of 46.85% and a return on equity of 13.96%. Sell-side analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.19%. This is a positive change from Radian Group's previous quarterly dividend of $0.25. Radian Group's payout ratio 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.