Skba Capital Management LLC Trims Position in Radian Group Inc. (NYSE:RDN)

Skba Capital Management LLC cut its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 381,200 shares of the insurance provider's stock after selling 13,800 shares during the quarter. Radian Group makes up approximately 1.9% of Skba Capital Management LLC's investment portfolio, making the stock its 19th largest position. Skba Capital Management LLC owned approximately 0.26% of Radian Group worth $12,092,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RDN. Picton Mahoney Asset Management lifted its stake in shares of Radian Group by 54.3% in 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 period. V Square Quantitative Management LLC increased its holdings in 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 valued at $40,000 after buying an additional 485 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Radian Group by 124.8% in the fourth 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 during the period. Jones Financial Companies Lllp boosted its stake 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 acquiring an additional 2,119 shares in the last quarter. Finally, Blue Trust Inc. grew 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 valued at $105,000 after acquiring an additional 528 shares during the period. Hedge funds and other institutional investors own 95.33% of the company's stock.

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Radian Group Price Performance

NYSE:RDN traded up $0.79 during trading hours on Tuesday, hitting $33.86. 1,764,922 shares of the stock were exchanged, compared to its average volume of 1,126,101. The firm's fifty day moving average price is $32.72 and its 200 day moving average price is $33.42. Radian Group Inc. has a 52-week low of $29.17 and a 52-week high of $37.86. The company has a market cap of $4.91 billion, a P/E ratio of 8.61, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a current ratio of 2.87, a quick ratio of 2.01 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, 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 anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were paid a $0.255 dividend. This is an increase from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group's dividend payout ratio (DPR) is currently 25.95%.

Analysts Set New Price Targets

A number of research firms recently weighed in on RDN. Keefe, Bruyette & Woods reduced their price target on Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. UBS Group upped 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Radian Group currently has a consensus rating of "Hold" and a consensus price target of $36.80.

Insider Buying and Selling

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now owns 344 shares in the company, valued at approximately $11,231.60. This represents a 92.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.16% of the stock is currently owned by company insiders.

Radian Group 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.