Royce & Associates LP Grows Stock Position in Radian Group Inc. (NYSE:RDN)

Royce & Associates LP grew its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,603 shares of the insurance provider's stock after purchasing an additional 7,914 shares during the period. Royce & Associates LP owned approximately 0.06% of Radian Group worth $2,906,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management boosted its stake in shares of Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after buying an additional 342 shares in the last quarter. V Square Quantitative Management LLC boosted its stake 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 valued at $40,000 after buying an additional 485 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake 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 valued at $75,000 after buying an additional 1,320 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after buying an additional 2,119 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Radian Group by 21.1% in the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after buying an additional 528 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

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Insider Activity at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the sale, the director now owns 344 shares of the company's stock, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.16% of the company's stock.

Wall Street Analysts Forecast Growth

RDN has been the topic of a number of analyst reports. UBS Group lifted 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 lowered their target price on Radian Group from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $36.80.

Radian Group Price Performance

Radian Group stock traded down $0.03 during trading hours on Friday, hitting $31.97. The stock had a trading volume of 20,727,410 shares, compared to its average volume of 1,043,452. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.73 and a beta of 1.04. Radian Group Inc. has a 1-year low of $29.17 and a 1-year high of $37.86. The stock's fifty day moving average is $32.65 and its two-hundred day moving average is $33.52.

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

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from Radian Group's previous quarterly dividend of $0.25. Radian Group's dividend payout ratio (DPR) is presently 25.95%.

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.