Dimensional Fund Advisors LP Sells 44,029 Shares of Radian Group Inc. (NYSE:RDN)

Dimensional Fund Advisors LP cut its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,381,300 shares of the insurance provider's stock after selling 44,029 shares during the quarter. Dimensional Fund Advisors LP owned about 3.61% of Radian Group worth $170,696,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RDN. 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 purchasing an additional 342 shares during the period. Covestor Ltd grew its holdings in shares of Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock valued at $43,000 after buying an additional 355 shares during the last quarter. MML Investors Services LLC increased its position in shares of Radian Group by 4.5% during the third quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider's stock worth $295,000 after acquiring an additional 364 shares in the last quarter. CX Institutional raised its holdings in shares of Radian Group by 5.8% in the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider's stock worth $261,000 after acquiring an additional 451 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in 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 in the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Wall Street Analysts Forecast Growth

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

Radian Group Stock Performance

Shares of RDN traded up $0.17 on Monday, reaching $31.54. 527,489 shares of the company's stock traded hands, compared to its average volume of 1,760,727. The stock's 50 day simple moving average is $32.08 and its two-hundred day simple moving average is $33.01. The stock has a market cap of $4.45 billion, a PE ratio of 8.01, a PEG ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a 52-week low of $29.77 and a 52-week high of $37.86. 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 (NYSE:RDN - Get Free Report) last released its earnings results 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 return on equity of 13.96% and a net margin of 46.85%. On average, analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.23%. This is a boost from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 24th. Radian Group's payout ratio is presently 25.95%.

Insider Buying and Selling at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the company'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 value of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at approximately $11,231.60. This represents a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.