Vest Financial LLC Acquires 285,481 Shares of Radian Group Inc. (NYSE:RDN)

Vest Financial LLC boosted its stake in shares of Radian Group Inc. (NYSE:RDN) by 35.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,092,054 shares of the insurance provider’s stock after buying an additional 285,481 shares during the period. Vest Financial LLC owned 0.73% of Radian Group worth $34,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in Radian Group during the third quarter valued at about $27,000. Blue Trust Inc. lifted its position in shares of Radian Group by 352.4% during the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after buying an additional 1,949 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Radian Group in the 2nd quarter worth approximately $116,000. KBC Group NV grew its position in shares of Radian Group by 19.0% in the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after buying an additional 716 shares during the last quarter. Finally, Forum Financial Management LP bought a new position in shares of Radian Group during the 3rd quarter worth approximately $201,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their target price on shares of 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.30.

Insiders Place Their Bets

In other news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the transaction, the insider now directly owns 171,830 shares in the company, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.16% of the stock is currently owned by insiders.

Radian Group Stock Performance

RDN opened at $32.96 on Friday. The firm’s 50-day moving average price is $33.05 and its 200-day moving average price is $34.19. The company has a market cap of $4.91 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a 52-week low of $26.11 and a 52-week high of $37.86.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. As a group, equities analysts anticipate that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a $0.245 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.97%. Radian Group’s dividend payout ratio (DPR) is 24.94%.

Radian Group 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.