Vest Financial LLC Has $34.64 Million Stock Position in Radian Group Inc. (NYSE:RDN)

Vest Financial LLC raised its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 35.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,092,054 shares of the insurance provider's stock after acquiring an additional 285,481 shares during the quarter. Vest Financial LLC owned approximately 0.73% of Radian Group worth $34,640,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Meritage Portfolio Management lifted its position in shares of Radian Group by 9.1% in the 4th quarter. Meritage Portfolio Management now owns 20,937 shares of the insurance provider's stock worth $664,000 after buying an additional 1,744 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Radian Group by 18.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,871 shares of the insurance provider's stock worth $3,464,000 after buying an additional 17,053 shares during the last quarter. EMC Capital Management lifted its position in shares of Radian Group by 300.8% in the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider's stock worth $584,000 after buying an additional 13,810 shares during the last quarter. KBC Group NV lifted its position in shares of Radian Group by 46.5% in the 4th quarter. KBC Group NV now owns 6,565 shares of the insurance provider's stock worth $208,000 after buying an additional 2,084 shares during the last quarter. Finally, Blue Trust Inc. lifted its position 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 during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced 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 report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $36.30.

Radian Group Stock Performance

Shares of RDN stock traded down $0.61 during trading hours on Wednesday, reaching $31.97. The stock had a trading volume of 1,141,539 shares, compared to its average volume of 1,207,548. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 2.01. Radian Group Inc. has a twelve month low of $27.20 and a twelve month high of $37.86. The firm has a 50-day simple moving average of $32.82 and a 200-day simple moving average of $34.09. The firm has a market capitalization of $4.76 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06.

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 for the quarter, topping 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, equities analysts forecast that Radian Group Inc. will post 3.67 earnings per share for the current year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.255 per share. This is a boost from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.19%. Radian Group's dividend payout ratio (DPR) is presently 24.94%.

Insider Buying and Selling at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now owns 171,830 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 2.16% of the stock is owned by corporate insiders.

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.