Envestnet Asset Management Inc. Cuts Position in Radian Group Inc. (NYSE:RDN)

Envestnet Asset Management Inc. reduced its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 190,627 shares of the insurance provider's stock after selling 24,253 shares during the period. Envestnet Asset Management Inc. owned 0.13% of Radian Group worth $6,047,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Picton Mahoney Asset Management lifted its stake in shares of Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after acquiring an additional 342 shares during the period. V Square Quantitative Management LLC increased its position in Radian Group by 61.5% during the 4th 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 raised its holdings in Radian Group by 124.8% during the 4th 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 lifted 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 during the period. Finally, Blue Trust Inc. boosted its stake 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 purchasing an additional 528 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Stock Down 1.7 %

Shares of RDN stock traded down $0.53 on Friday, reaching $31.38. 332,694 shares of the company were exchanged, compared to its average volume of 1,191,855. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The company has a 50-day moving average of $32.11 and a 200-day moving average of $33.05. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a one year low of $29.77 and a one year 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, 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%. Analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were issued 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 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group's payout ratio is currently 25.95%.

Insider Buying and Selling

In other Radian Group news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction on Friday, February 28th. The shares were 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 of the company's stock, valued at $11,231.60. The trade was a 92.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.