Los Angeles Capital Management LLC Sells 17,880 Shares of Radian Group Inc. (NYSE:RDN)

Los Angeles Capital Management LLC decreased its position in Radian Group Inc. (NYSE:RDN - Free Report) by 72.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,867 shares of the insurance provider's stock after selling 17,880 shares during the quarter. Los Angeles Capital Management LLC's holdings in Radian Group were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of RDN. First Trust Direct Indexing L.P. lifted its position in Radian Group by 9.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,200 shares of the insurance provider's stock worth $250,000 after buying an additional 650 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Radian Group by 1,767.2% in the third quarter. Farther Finance Advisors LLC now owns 12,977 shares of the insurance provider's stock valued at $450,000 after purchasing an additional 12,282 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Radian Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 45,701 shares of the insurance provider's stock valued at $1,585,000 after purchasing an additional 589 shares during the last quarter. Van ECK Associates Corp lifted its position in Radian Group by 40.0% in the third quarter. Van ECK Associates Corp now owns 87,071 shares of the insurance provider's stock valued at $2,986,000 after purchasing an additional 24,880 shares during the last quarter. Finally, Forum Financial Management LP bought a new stake in Radian Group in the third quarter valued at approximately $201,000. Institutional investors own 95.33% of the company's stock.

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Analyst Ratings Changes

Several analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price objective 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 boosted their price objective on Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $36.80.

Insider Buying and Selling

In related news, Director Gregory Serio sold 4,100 shares of the company'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 of the company's stock, valued at $11,231.60. This represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.16% of the stock is owned by insiders.

Radian Group Trading Up 1.5 %

Shares of Radian Group stock traded up $0.49 during midday trading on Friday, reaching $32.13. 864,763 shares of the company's stock traded hands, compared to its average volume of 1,312,597. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The company has a market cap 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 stock has a 50 day moving average of $32.67 and a 200-day moving average of $33.82. Radian Group Inc. has a 12 month low of $29.17 and a 12 month high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS 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 analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, February 24th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.17%. This is a boost from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 24th. Radian Group's dividend payout ratio is presently 25.95%.

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.