Radian Group Inc. (NYSE:RDN) Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 722,402 shares of the insurance provider's stock after acquiring an additional 13,202 shares during the period. Principal Financial Group Inc. owned 0.49% of Radian Group worth $22,915,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. State of New Jersey Common Pension Fund D lifted its position in Radian Group by 12.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 61,995 shares of the insurance provider's stock valued at $1,966,000 after purchasing an additional 6,788 shares during the last quarter. Monument Capital Management lifted its holdings in Radian Group by 4.6% during the 4th quarter. Monument Capital Management now owns 78,784 shares of the insurance provider's stock valued at $2,499,000 after buying an additional 3,478 shares in the last quarter. Rhumbline Advisers lifted its holdings in Radian Group by 1.1% during the 4th quarter. Rhumbline Advisers now owns 488,072 shares of the insurance provider's stock valued at $15,482,000 after buying an additional 5,470 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in Radian Group by 61.5% during the 4th 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 in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Radian Group by 33.6% during the 4th quarter. Van ECK Associates Corp now owns 116,333 shares of the insurance provider's stock valued at $3,690,000 after buying an additional 29,262 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

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Radian Group Stock Up 1.1 %

Shares of Radian Group stock traded up $0.36 on Thursday, reaching $32.71. The stock had a trading volume of 1,222,299 shares, compared to its average volume of 1,320,545. The company has a 50 day moving average price of $32.62 and a 200 day moving average price of $33.91. 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 1 year low of $27.86 and a 1 year high of $37.86. The stock has a market capitalization of $4.75 billion, a P/E ratio of 8.32, a P/E/G ratio of 1.73 and a beta of 1.06.

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

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, February 24th will be paid a $0.255 dividend. The ex-dividend date is Monday, February 24th. This is a boost from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.12%. Radian Group's dividend payout ratio (DPR) is 25.95%.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction that occurred on 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 sale, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on RDN shares. Keefe, Bruyette & Woods cut their target price 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. UBS Group raised their target price on shares of Radian Group from $33.00 to $34.00 and gave the company 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $36.80.

Radian Group Company 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.