Arrowstreet Capital Limited Partnership Has $20.78 Million Position in Radian Group Inc. (NYSE:RDN)

Arrowstreet Capital Limited Partnership lifted its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 654,952 shares of the insurance provider's stock after acquiring an additional 10,409 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.44% of Radian Group worth $20,775,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in RDN. Picton Mahoney Asset Management lifted its holdings in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Radian Group by 4.5% in the third quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider's stock worth $295,000 after buying an additional 364 shares during the last quarter. CX Institutional lifted its stake in shares of Radian Group by 5.8% in the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider's stock worth $261,000 after buying an additional 451 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after buying an additional 485 shares during the period. Finally, Blue Trust Inc. grew its stake in 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 buying an additional 528 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

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Insider Activity at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the firm's 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 completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available at this link. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Stock Performance

NYSE RDN traded down $0.27 during midday trading on Tuesday, hitting $30.37. The company had a trading volume of 2,542,492 shares, compared to its average volume of 1,155,007. The firm has a fifty day simple moving average of $32.46 and a two-hundred day simple moving average of $33.27. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 1.73 and a beta of 0.75.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping 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%. Equities analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were given a dividend of $0.255 per share. The ex-dividend date was Monday, February 24th. This is a boost 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 3.36%. Radian Group's payout ratio is currently 25.95%.

Analysts Set New Price Targets

A number of research firms have issued reports on RDN. Keefe, Bruyette & Woods decreased 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. UBS Group boosted their price objective on Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. 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.com, the company has a consensus rating of "Hold" and an average price target of $36.20.

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.