Sei Investments Co. Sells 8,755 Shares of Radian Group Inc. (NYSE:RDN)

Sei Investments Co. lowered its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 7.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 107,865 shares of the insurance provider's stock after selling 8,755 shares during the period. Sei Investments Co. owned approximately 0.07% of Radian Group worth $3,421,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Picton Mahoney Asset Management raised its holdings in 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 acquiring an additional 342 shares in the last quarter. V Square Quantitative Management LLC lifted 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 period. Smartleaf Asset Management LLC boosted 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 worth $75,000 after buying an additional 1,320 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in 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 buying an additional 2,119 shares during the period. Finally, Blue Trust Inc. raised 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 valued at $105,000 after buying an additional 528 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

Remove Ads

Radian Group Price Performance

Shares of Radian Group stock traded down $0.27 during mid-day trading on Tuesday, reaching $30.37. 2,542,492 shares of the stock were exchanged, compared to its average volume of 1,155,007. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75. The firm has a 50-day simple moving average of $32.46 and a 200 day simple moving average of $33.27. 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 posted its quarterly earnings data 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 net margin of 46.85% and a return on equity of 13.96%. On average, sell-side analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were given a $0.255 dividend. This is an increase from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 annualized dividend and a yield of 3.36%. Radian Group's payout ratio is presently 25.95%.

Wall Street Analysts Forecast Growth

RDN has been the topic of several recent research reports. UBS Group lifted their target price on shares of Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their price objective on Radian Group from $40.00 to $37.00 and set an "outperform" rating on the stock in a report on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $36.20.

Insiders Place Their Bets

In related news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the transaction, the director now directly owns 344 shares of the company's stock, valued at $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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.