Russell Investments Group Ltd. Cuts Stake in Radian Group Inc. (NYSE:RDN)

Russell Investments Group Ltd. cut its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,426 shares of the insurance provider's stock after selling 22,788 shares during the period. Russell Investments Group Ltd. owned 0.06% of Radian Group worth $2,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Picton Mahoney Asset Management increased its stake in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after acquiring an additional 342 shares during the last quarter. V Square Quantitative Management LLC increased its position 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 worth $40,000 after purchasing an additional 485 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Radian Group by 124.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after purchasing an additional 1,320 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Radian Group by 735.8% during the fourth 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 during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Radian Group by 21.1% in 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 in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group raised their target price 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. Keefe, Bruyette & Woods reduced their price objective on shares of Radian Group from $40.00 to $37.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Radian Group has an average rating of "Hold" and a consensus price target of $36.20.

Radian Group Price Performance

Shares of NYSE RDN opened at $31.64 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The firm has a fifty day moving average of $32.22 and a 200 day moving average of $33.17. The firm has a market cap of $4.47 billion, a PE ratio of 8.05, a PEG ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a one year low of $29.17 and a one year high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last issued its earnings results 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 net margin of 46.85% and a return on equity of 13.96%. As a group, research analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.22%. This is a boost from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 24th. Radian Group's dividend payout ratio (DPR) is 25.95%.

Insider Buying and Selling at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the company'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 sale, the director now owns 344 shares in the company, valued at $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.16% of the stock is currently owned by corporate insiders.

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.

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