Edgestream Partners L.P. Trims Stock Position in Radian Group Inc. (NYSE:RDN)

Edgestream Partners L.P. reduced its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 131,826 shares of the insurance provider's stock after selling 53,827 shares during the quarter. Edgestream Partners L.P. owned 0.09% of Radian Group worth $4,182,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC raised its position in Radian Group by 61.5% in 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 stake 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 valued at $75,000 after buying an additional 1,320 shares in the last quarter. Jones Financial Companies Lllp raised its holdings 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 valued at $76,000 after buying an additional 2,119 shares during the period. Blue Trust Inc. raised its holdings 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 valued at $105,000 after buying an additional 528 shares during the period. Finally, KBC Group NV lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

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Radian Group Stock Down 0.7 %

NYSE RDN traded down $0.21 during trading hours on Wednesday, hitting $30.87. 1,256,114 shares of the company were exchanged, compared to its average volume of 1,322,606. 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 firm has a market cap of $4.48 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.73 and a beta of 1.04. The company has a 50 day moving average of $32.67 and a two-hundred day moving average of $33.75. Radian Group Inc. has a 52-week low of $29.17 and a 52-week high of $37.86.

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 net margin of 46.85% and a return on equity of 13.96%. Equities research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current 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 3.30%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group's payout ratio is 25.95%.

Insider Buying and Selling

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction 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 sale, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods dropped their target price on Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. UBS Group lifted their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $36.80.

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.