Natixis Advisors LLC Sells 25,124 Shares of Radian Group Inc. (NYSE:RDN)

Natixis Advisors LLC lessened its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 279,946 shares of the insurance provider's stock after selling 25,124 shares during the quarter. Natixis Advisors LLC owned 0.19% of Radian Group worth $8,880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Picton Mahoney Asset Management lifted 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 worth $31,000 after buying an additional 342 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings 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 last quarter. Smartleaf Asset Management LLC lifted its holdings 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 last quarter. Jones Financial Companies Lllp boosted its stake in shares of Radian Group by 735.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 2,119 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings 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 purchasing an additional 528 shares during the last quarter. Institutional investors own 95.33% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently commented on RDN. Keefe, Bruyette & Woods dropped 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 note on Wednesday, January 8th. UBS Group upped 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $36.80.

Radian Group Trading Up 1.5 %

NYSE RDN traded up $0.47 during trading hours on Monday, reaching $32.49. The company's stock had a trading volume of 1,280,190 shares, compared to its average volume of 1,044,398. The firm has a fifty day simple moving average of $32.67 and a 200-day simple moving average of $33.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. Radian Group Inc. has a 52 week low of $29.17 and a 52 week high of $37.86. The stock has a market cap of $4.71 billion, a P/E ratio of 8.27, a P/E/G ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were issued a dividend of $0.255 per share. The ex-dividend date 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 3.14%. Radian Group's payout ratio is presently 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.

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.