Aster Capital Management DIFC Ltd Decreases Position in Radian Group Inc. (NYSE:RDN)

Aster Capital Management DIFC Ltd lessened its position in Radian Group Inc. (NYSE:RDN - Free Report) by 65.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,950 shares of the insurance provider's stock after selling 11,407 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Radian Group were worth $189,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its position in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 342 shares during the last quarter. V Square Quantitative Management LLC boosted its stake 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 valued at $40,000 after purchasing an additional 485 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock worth $75,000 after purchasing an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Radian Group by 735.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after buying an additional 2,119 shares during the period. Finally, Blue Trust Inc. increased 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 worth $105,000 after buying an additional 528 shares during the period. Institutional investors own 95.33% of the company's stock.

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Radian Group Stock Up 2.6 %

Shares of NYSE:RDN traded up $0.83 during trading hours on Friday, hitting $32.38. The company's stock had a trading volume of 2,441,215 shares, compared to its average volume of 1,176,071. The firm's fifty day moving average price is $32.31 and its 200 day moving average price is $33.20. Radian Group Inc. has a 52 week low of $29.17 and a 52 week high of $37.86. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 1.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping 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, research analysts expect that Radian Group Inc. will post 3.79 EPS for the current 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 paid a dividend of $0.255 per share. 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 3.15%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group's dividend payout ratio is 25.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group upped their target price on shares of Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their price objective on Radian Group from $40.00 to $37.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $36.20.

Insider Activity 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 completion of the sale, the director now directly owns 344 shares of the company's stock, valued at approximately $11,231.60. This 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 hyperlink. 2.16% of the stock is owned by corporate 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.