Prudential Financial Inc. Sells 68,397 Shares of Radian Group Inc. (NYSE:RDN)

Prudential Financial Inc. cut its position in Radian Group Inc. (NYSE:RDN - Free Report) by 25.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,724 shares of the insurance provider's stock after selling 68,397 shares during the quarter. Prudential Financial Inc. owned 0.13% of Radian Group worth $6,335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management raised its position in Radian Group by 54.3% during 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 in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 485 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings 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 buying an additional 1,320 shares in the last quarter. Jones Financial Companies Lllp lifted 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 worth $76,000 after buying an additional 2,119 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Radian Group by 21.1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock worth $105,000 after buying an additional 528 shares during the last quarter. Institutional investors own 95.33% of the company's stock.

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Radian Group Trading Up 1.1 %

Shares of RDN stock traded up $0.36 during mid-day trading on Wednesday, reaching $34.21. 2,432,101 shares of the stock traded hands, compared to its average volume of 1,131,284. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. 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 stock's fifty day simple moving average is $32.72 and its two-hundred day simple moving average is $33.42. Radian Group Inc. has a 1-year low of $29.17 and a 1-year high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, research analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were given a dividend of $0.255 per share. This is a positive change from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group's dividend payout ratio (DPR) is currently 25.95%.

Insiders Place Their Bets

In other news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group boosted their target price on Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods lowered their price objective on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.