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

New Age Alpha Advisors LLC acquired a new position in shares of Radian Group Inc. (NYSE:RDN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,064 shares of the insurance provider's stock, valued at approximately $478,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its holdings in Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 342 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after acquiring an additional 485 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of 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 acquiring an additional 1,320 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Radian Group by 735.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after acquiring an additional 2,119 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after purchasing an additional 528 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

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Analyst Upgrades and Downgrades

RDN has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on 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 boosted their price target on shares of Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a report 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 stock. According to data from MarketBeat, Radian Group presently has a consensus rating of "Hold" and a consensus price target of $36.80.

Insider Activity at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of Radian Group 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 owns 344 shares in the company, valued at $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.16% of the stock is currently owned by insiders.

Radian Group Price Performance

RDN traded down $1.33 during trading on Thursday, reaching $32.86. The company's stock had a trading volume of 2,579,699 shares, compared to its average volume of 1,137,315. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 1.73 and a beta of 1.04. The firm has a fifty day simple moving average of $32.73 and a two-hundred day simple moving average of $33.42.

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 (EPS) for the quarter, topping 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, analysts anticipate 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. Stockholders of record on Monday, February 24th were issued a dividend of $0.255 per share. The ex-dividend date was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.10%. This is an increase from Radian Group's previous quarterly dividend of $0.25. Radian Group's dividend payout ratio (DPR) is currently 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.