New Age Alpha Advisors LLC Invests $478,000 in Radian Group Inc. (NYSE:RDN)

New Age Alpha Advisors 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 13F filing with the SEC. The firm acquired 15,064 shares of the insurance provider's stock, valued at approximately $478,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB boosted its position in Radian Group by 11.2% in the 4th 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 last quarter. Centiva Capital LP bought a new stake in Radian Group during the 3rd quarter worth about $512,000. Principal Financial Group Inc. raised its holdings 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 worth $22,915,000 after purchasing an additional 13,202 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Radian Group by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider's stock valued at $16,205,000 after purchasing an additional 25,500 shares during the period. Finally, EMC Capital Management boosted its stake in shares of Radian Group by 300.8% in the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider's stock valued at $584,000 after purchasing an additional 13,810 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Buying and Selling at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction 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 sale, the director now directly owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.16% of the company's stock.

Wall Street Analyst Weigh In

RDN has been the topic of several analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. UBS Group raised their price target on Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $36.80.

Radian Group Trading Down 4.8 %

Shares of NYSE RDN traded down $1.56 during midday trading on Friday, reaching $31.29. 2,816,684 shares of the stock were exchanged, compared to its average volume of 1,142,059. Radian Group Inc. has a 12 month low of $29.17 and a 12 month high of $37.86. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 7.96, 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 current ratio of 2.87 and a quick ratio of 2.01. The business has a 50-day simple moving average of $32.68 and a two-hundred day simple moving average of $33.36.

Radian Group (NYSE:RDN - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 expect that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently announced 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 represents a $1.02 dividend on an annualized basis and a yield of 3.26%. This is a boost from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. Radian Group's dividend payout ratio is presently 25.95%.

About Radian Group

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.