Vanguard Group Inc. Has $572.38 Million Stock Holdings in Radian Group Inc. (NYSE:RDN)

Vanguard Group Inc. cut its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,044,855 shares of the insurance provider's stock after selling 385,528 shares during the period. Vanguard Group Inc. owned 12.12% of Radian Group worth $572,383,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its holdings in Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after buying an additional 485 shares in the last quarter. Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 1,320 shares during the period. Jones Financial Companies Lllp grew 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 acquiring an additional 2,119 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock worth $105,000 after acquiring an additional 528 shares during the period. Institutional investors own 95.33% of the company's stock.

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Analyst Ratings Changes

RDN has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods cut their price target on Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Radian Group currently has an average rating of "Hold" and a consensus target price of $36.80.

Radian Group Price Performance

Shares of NYSE RDN traded down $1.33 during trading hours on Thursday, hitting $32.86. 2,579,699 shares of the stock were exchanged, compared to its average volume of 1,136,621. The company's fifty day simple moving average is $32.74 and its two-hundred day simple moving average is $33.42. The company has a market cap of $4.77 billion, a PE ratio of 8.36, 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 quick ratio of 2.01 and a current ratio of 2.87. 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 issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share 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%. On average, sell-side analysts predict that Radian Group Inc. will post 3.79 EPS 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 of this dividend was Monday, February 24th. This represents a $1.02 annualized dividend and a yield of 3.10%. Radian Group's payout ratio is presently 25.95%.

Insider Transactions at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the company's stock in a transaction that occurred 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 $11,231.60. This represents a 92.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.16% of the company's stock.

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.