Sterling Capital Management LLC Decreases Stock Position in Radian Group Inc. (NYSE:RDN)

Sterling Capital Management LLC lessened its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 49.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 226,656 shares of the insurance provider's stock after selling 221,715 shares during the quarter. Sterling Capital Management LLC owned approximately 0.15% of Radian Group worth $7,190,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in RDN. Nordea Investment Management AB boosted its stake in shares of Radian Group by 11.2% during the fourth quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider's stock valued at $6,233,000 after acquiring an additional 19,730 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Radian Group by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock valued at $22,915,000 after purchasing an additional 13,202 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Radian Group by 5.3% during the fourth quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider's stock worth $16,205,000 after buying an additional 25,500 shares in the last quarter. EMC Capital Management raised 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 buying an additional 13,810 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Radian Group during the fourth quarter valued at approximately $4,872,000. 95.33% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several analysts have commented on RDN shares. Keefe, Bruyette & Woods lowered their target price on shares of Radian Group from $40.00 to $37.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. UBS Group lifted their price objective on Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $36.20.

Insider Transactions at Radian Group

In related 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 sale, the director now directly owns 344 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Company insiders own 2.16% of the company's stock.

Radian Group Trading Down 0.8 %

Shares of NYSE RDN traded down $0.25 during trading on Tuesday, hitting $32.40. 967,420 shares of the company traded hands, compared to its average volume of 1,177,739. The firm has a market capitalization of $4.58 billion, a P/E ratio of 8.24, a P/E/G ratio of 1.73 and a beta of 0.75. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $32.25 and a 200-day moving average price of $33.18. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping 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%. On average, equities analysts predict that Radian Group Inc. will post 3.79 EPS for the current 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 paid a dividend of $0.255 per share. 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 3.15%. The ex-dividend date was Monday, February 24th. Radian Group's payout ratio is currently 25.95%.

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.