California Public Employees Retirement System Lowers Position in Radian Group Inc. (NYSE:RDN)

California Public Employees Retirement System cut its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 289,785 shares of the insurance provider's stock after selling 30,628 shares during the period. California Public Employees Retirement System owned approximately 0.19% of Radian Group worth $9,192,000 as of its most recent SEC filing.

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

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Wall Street Analyst Weigh In

A number of analysts have issued reports on RDN shares. UBS Group boosted their price target 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 cut their target price on shares of Radian Group from $40.00 to $37.00 and set an "outperform" rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Radian Group has a consensus rating of "Hold" and an average target price of $36.20.

Radian Group Stock Up 2.6 %

RDN stock traded up $0.83 during mid-day trading on Friday, reaching $32.38. The company had a trading volume of 2,441,215 shares, compared to its average volume of 1,174,684. The firm has a fifty day simple moving average of $32.31 and a 200 day simple moving average of $33.21. 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 capitalization of $4.57 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. 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. This is a boost from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Monday, February 24th. Radian Group's payout ratio is 25.95%.

Insider Buying and Selling

In other news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was 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 approximately $11,231.60. This trade represents a 92.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.16% of the company's stock.

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.