Versor Investments LP Sells 8,478 Shares of Radian Group Inc. (NYSE:RDN)

Versor Investments LP trimmed its position in Radian Group Inc. (NYSE:RDN - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,761 shares of the insurance provider's stock after selling 8,478 shares during the quarter. Versor Investments LP's holdings in Radian Group were worth $1,293,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund grew its holdings in shares of Radian Group by 1.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 84,441 shares of the insurance provider's stock valued at $2,678,000 after buying an additional 942 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Radian Group during the 4th quarter valued at about $666,000. CIBC Asset Management Inc increased its holdings in shares of Radian Group by 16.2% in the 4th quarter. CIBC Asset Management Inc now owns 10,193 shares of the insurance provider's stock valued at $323,000 after purchasing an additional 1,418 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Radian Group by 6.4% in the fourth quarter. Sanctuary Advisors LLC now owns 21,858 shares of the insurance provider's stock worth $756,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Radian Group by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock worth $22,915,000 after purchasing an additional 13,202 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of 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 dropped their price target on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.80.

Insider Activity at Radian Group

In related news, insider Derek Brummer sold 14,705 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.16% of the stock is owned by company insiders.

Radian Group Stock Up 0.4 %

NYSE RDN traded up $0.13 during trading on Monday, reaching $33.04. The company's stock had a trading volume of 1,282,960 shares, compared to its average volume of 1,331,473. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $4.79 billion, a PE ratio of 8.41, a PEG ratio of 1.73 and a beta of 1.06. Radian Group Inc. has a 1-year low of $28.98 and a 1-year high of $37.86. The business has a 50-day moving average price of $32.65 and a 200-day moving average price of $33.90.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating 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, research analysts forecast 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 will be paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.255 per share. This is a positive change from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.09%. Radian Group's dividend 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.