Dana Investment Advisors Inc. Reduces Stock Position in Radian Group Inc. (NYSE:RDN)

Dana Investment Advisors Inc. reduced its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,456 shares of the insurance provider's stock after selling 12,619 shares during the quarter. Dana Investment Advisors Inc. owned about 0.06% of Radian Group worth $3,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC increased its holdings in shares of Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 485 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Radian Group by 124.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after acquiring an additional 1,320 shares during the period. Jones Financial Companies Lllp boosted its position in shares of 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 purchasing an additional 2,119 shares in the last quarter. Blue Trust Inc. boosted 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 worth $105,000 after purchasing an additional 528 shares in the last quarter. Finally, KBC Group NV lifted its position in Radian Group by 19.0% during the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider's stock worth $155,000 after acquiring an additional 716 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, Director Gregory Serio sold 4,100 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now directly owns 344 shares in the company, valued at $11,231.60. The trade was a 92.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Radian Group Price Performance

Shares of Radian Group stock traded up $0.49 on Friday, hitting $32.13. The company's stock had a trading volume of 864,763 shares, compared to its average volume of 1,312,597. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86. The firm has a fifty day moving average price of $32.67 and a 200-day moving average price of $33.82. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate 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 will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.255 per share. This is a positive change from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Monday, February 24th. Radian Group's payout ratio is 25.95%.

Radian Group 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.