O Shaughnessy Asset Management LLC Sells 13,720 Shares of Radian Group Inc. (NYSE:RDN)

O Shaughnessy Asset Management LLC decreased its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,176 shares of the insurance provider's stock after selling 13,720 shares during the period. O Shaughnessy Asset Management LLC owned about 0.06% of Radian Group worth $2,860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RDN. Picton Mahoney Asset Management increased its position in shares of Radian Group by 54.3% during the 4th 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 grew its position in Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after buying an additional 485 shares during the period. Smartleaf Asset Management LLC increased its holdings in Radian Group by 124.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock worth $75,000 after buying an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp raised its position in Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after acquiring an additional 2,119 shares during the period. Finally, Blue Trust Inc. boosted its stake in Radian Group by 21.1% in the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after acquiring an additional 528 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

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Radian Group Price Performance

Shares of NYSE RDN traded up $1.12 during trading hours on Tuesday, reaching $31.75. 516,230 shares of the stock traded hands, compared to its average volume of 1,762,547. The company's 50-day simple moving average is $32.61 and its two-hundred day simple moving average is $33.33. The company has a market capitalization of $4.61 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a 52-week low of $29.17 and a 52-week 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.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly 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 net margin of 46.85% and a return on equity of 13.96%. Equities research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.21%. Radian Group's payout ratio is currently 25.95%.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. UBS Group raised their target price 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $36.80.

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.