Miller Financial Services LLC Acquires Shares of 14,650 Radian Group Inc. (NYSE:RDN)

Miller Financial Services LLC acquired a new position in shares of Radian Group Inc. (NYSE:RDN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,650 shares of the insurance provider's stock, valued at approximately $465,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Radian Group by 2.7% during the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider's stock worth $232,433,000 after buying an additional 177,142 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Radian Group by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider's stock valued at $193,307,000 after acquiring an additional 248,423 shares during the period. FMR LLC grew its position in Radian Group by 0.4% in the 3rd quarter. FMR LLC now owns 3,588,237 shares of the insurance provider's stock valued at $124,476,000 after acquiring an additional 12,834 shares in the last quarter. Vest Financial LLC increased its stake in Radian Group by 35.4% during the fourth quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider's stock worth $34,640,000 after purchasing an additional 285,481 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Radian Group by 23.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,020,912 shares of the insurance provider's stock worth $32,383,000 after purchasing an additional 192,854 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

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Insider Transactions at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the 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 transaction, the director now directly owns 344 shares of the company's stock, valued at $11,231.60. This trade represents a 92.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.16% of the company's stock.

Radian Group Stock Down 0.0 %

Radian Group stock traded down $0.01 during trading on Wednesday, reaching $31.06. The stock had a trading volume of 867,756 shares, compared to its average volume of 1,316,314. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 52-week low of $29.17 and a 52-week high of $37.86. The stock has a market cap of $4.51 billion, a PE ratio of 7.90, a P/E/G ratio of 1.73 and a beta of 1.04. The business has a 50 day moving average price of $32.67 and a 200 day moving average price of $33.75.

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 (EPS) for the quarter, topping 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%. On average, analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were issued a $0.255 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.28%. This is an increase from Radian Group's previous quarterly dividend of $0.25. Radian Group's dividend payout ratio is presently 25.95%.

Wall Street Analysts Forecast Growth

RDN has been the subject of a number of research reports. UBS Group lifted their price objective 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 cut their price objective on Radian Group from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Radian Group presently has a consensus rating of "Hold" and a consensus target price of $36.80.

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.