Raymond James Financial Inc. Purchases Shares of 153,595 Radian Group Inc. (NYSE:RDN)

Raymond James Financial Inc. acquired a new position in shares of Radian Group Inc. (NYSE:RDN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 153,595 shares of the insurance provider's stock, valued at approximately $4,872,000. Raymond James Financial Inc. owned 0.10% of Radian Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nordea Investment Management AB boosted its holdings in shares of Radian Group by 11.2% during the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider's stock worth $6,233,000 after buying an additional 19,730 shares during the period. Centiva Capital LP acquired a new stake in Radian Group during the third quarter worth approximately $512,000. Principal Financial Group Inc. boosted its holdings in shares of Radian Group by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock worth $22,915,000 after acquiring an additional 13,202 shares during the period. EMC Capital Management grew its position in shares of Radian Group by 300.8% in the fourth quarter. EMC Capital Management now owns 18,401 shares of the insurance provider's stock valued at $584,000 after purchasing an additional 13,810 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Radian Group during the fourth quarter worth approximately $268,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the company's stock in a transaction on Friday, February 28th. The shares were 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 approximately $11,231.60. This represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.16% of the company's stock.

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Radian Group Price Performance

RDN stock traded down $0.63 during midday trading on Friday, reaching $32.83. The company had a trading volume of 1,238,557 shares, compared to its average volume of 1,119,413. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. 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 1-year low of $29.17 and a 1-year high of $37.86. The stock has a 50 day moving average price of $32.70 and a 200-day moving average price of $33.44.

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

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid a dividend of $0.255 per share. This is an increase from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 24th. This represents a $1.02 annualized dividend and a yield of 3.11%. Radian Group's payout ratio is presently 25.95%.

Wall Street Analyst Weigh In

RDN has been the subject of several recent research reports. UBS Group boosted their price target on Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their target price 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Radian Group presently has an average rating of "Hold" and a consensus target price of $36.80.

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.