Geode Capital Management LLC Has $111.90 Million Holdings in Radian Group Inc. (NYSE:RDN)

Geode Capital Management LLC reduced its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,526,872 shares of the insurance provider's stock after selling 14,609 shares during the period. Geode Capital Management LLC owned 2.37% of Radian Group worth $111,897,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its stake in shares of Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 342 shares during the period. MML Investors Services LLC increased its position in shares of Radian Group by 4.5% during the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider's stock valued at $295,000 after purchasing an additional 364 shares during the period. CX Institutional raised its stake 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 buying an additional 451 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after buying an additional 485 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Radian Group by 21.1% during the fourth 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 in the last quarter. 95.33% of the stock is owned by institutional investors.

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Radian Group Trading Down 0.0 %

Shares of RDN stock traded down $0.00 during trading hours on Tuesday, reaching $32.65. 103,223 shares of the stock traded hands, compared to its average volume of 1,173,288. The business has a fifty day moving average price of $32.28 and a 200 day moving average price of $33.19. Radian Group Inc. has a 1-year low of $29.17 and a 1-year high of $37.86. 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 capitalization of $4.61 billion, a PE ratio of 8.30, a PEG ratio of 1.73 and a beta of 0.75.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, beating 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, equities research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were given a dividend of $0.255 per share. The ex-dividend date was Monday, February 24th. This is an increase from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.12%. Radian Group's payout ratio is presently 25.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RDN. 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 report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their target price on shares of Radian Group from $40.00 to $37.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $36.20.

Insider Buying and Selling at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the company's stock in a transaction dated 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 directly owns 344 shares of the company's stock, valued at $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.