Radian Group Inc. (NYSE:RDN) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY cut its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 52.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,933 shares of the insurance provider's stock after selling 15,276 shares during the period. Miller Howard Investments Inc. NY's holdings in Radian Group were worth $442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in RDN. Sanctuary Advisors LLC purchased a new stake in shares of Radian Group in the 2nd quarter worth about $560,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Radian Group in the 2nd quarter worth about $116,000. CWM LLC boosted its position in shares of Radian Group by 2,962.2% in the 3rd quarter. CWM LLC now owns 60,938 shares of the insurance provider's stock worth $2,114,000 after buying an additional 58,948 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Radian Group by 25.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 27,600 shares of the insurance provider's stock worth $957,000 after buying an additional 5,581 shares in the last quarter. Finally, Ellsworth Advisors LLC boosted its position in shares of Radian Group by 4.4% in the 3rd quarter. Ellsworth Advisors LLC now owns 18,776 shares of the insurance provider's stock worth $651,000 after buying an additional 797 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Derek Brummer sold 14,705 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the transaction, the insider now owns 171,830 shares of the company's stock, valued at $5,953,909.50. This represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.16% of the company's stock.

Radian Group Trading Up 1.2 %

NYSE:RDN traded up $0.39 on Thursday, reaching $32.35. The stock had a trading volume of 1,259,506 shares, compared to its average volume of 1,209,338. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 1.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 2.01. The firm's fifty day moving average is $32.82 and its two-hundred day moving average is $34.09. Radian Group Inc. has a 12-month low of $27.20 and a 12-month high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Equities analysts expect that Radian Group Inc. will post 3.67 EPS for the current fiscal 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 dividend of $0.255 per share. The ex-dividend date is Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.15%. This is an increase from Radian Group's previous quarterly dividend of $0.25. Radian Group's dividend payout ratio is currently 24.94%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $36.30.

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.