Inceptionr LLC acquired a new stake in Radian Group Inc. (NYSE:RDN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,620 shares of the insurance provider's stock, valued at approximately $876,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB increased its stake in shares of Radian Group by 11.2% in the fourth quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider's stock valued at $6,233,000 after buying an additional 19,730 shares during the period. Centiva Capital LP acquired a new stake in Radian Group during the 3rd quarter valued at approximately $512,000. Principal Financial Group Inc. increased its position in Radian Group by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock valued at $22,915,000 after purchasing an additional 13,202 shares during the period. EMC Capital Management raised its holdings in Radian Group by 300.8% during the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider's stock worth $584,000 after purchasing an additional 13,810 shares during the last quarter. Finally, Moran Wealth Management LLC bought a new position in Radian Group during the 3rd quarter worth approximately $2,650,000. Institutional investors and hedge funds own 95.33% of the company's stock.
Insider Activity
In related 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 value of $133,865.00. Following the completion of the sale, the director now owns 344 shares of the company's stock, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.16% of the stock is currently owned by company insiders.
Radian Group Trading Up 1.5 %
Shares of NYSE:RDN traded up $0.49 during mid-day trading on Friday, hitting $32.13. The company had a trading volume of 864,763 shares, compared to its average volume of 1,312,597. 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 PE ratio of 8.17, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. Radian Group Inc. has a one year low of $29.17 and a one year high of $37.86.
Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. As a group, 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 will be paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.02 annualized dividend and a dividend yield of 3.17%. This is a positive change from Radian Group's previous quarterly dividend of $0.25. Radian Group's payout ratio is currently 25.95%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on RDN. Keefe, Bruyette & Woods lowered their price target on shares of 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 raised their price target 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $36.80.
Read Our Latest Stock Analysis on RDN
About Radian Group
(
Free Report)
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.
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