Radian Group Inc. (NYSE:RDN) Position Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 68.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,474,802 shares of the insurance provider's stock after selling 5,313,730 shares during the period. JPMorgan Chase & Co. owned 1.66% of Radian Group worth $78,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Picton Mahoney Asset Management grew its holdings 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 worth $31,000 after purchasing an additional 342 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of 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 purchasing an additional 485 shares during the period. Smartleaf Asset Management LLC grew its stake 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 buying an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp increased its position in Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after buying an additional 2,119 shares during the period. Finally, Blue Trust Inc. lifted its stake in Radian Group by 21.1% in 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 during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.16% of the stock is currently owned by company insiders.

Radian Group Trading Down 0.9 %

Radian Group stock traded down $0.27 during trading on Tuesday, hitting $30.37. The company's stock had a trading volume of 2,542,492 shares, compared to its average volume of 1,155,007. The stock's fifty day moving average is $32.46 and its 200 day moving average is $33.27. Radian Group Inc. has a 1-year low of $29.17 and a 1-year high of $37.86. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 1.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87.

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, 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%. As a group, equities research analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were paid a dividend of $0.255 per share. This is an increase from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 annualized dividend and a yield of 3.36%. Radian Group's payout ratio is 25.95%.

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.