Radian Group Inc. (NYSE:RDN) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY reduced its position in shares of Radian Group Inc. (NYSE:RDN) by 52.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,933 shares of the insurance provider’s stock after selling 15,276 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Radian Group were worth $442,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of Radian Group during the 4th quarter worth approximately $268,000. Vest Financial LLC increased its stake in Radian Group by 35.4% during the fourth quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock worth $34,640,000 after acquiring an additional 285,481 shares during the last quarter. Meritage Portfolio Management raised its position in Radian Group by 9.1% in the fourth quarter. Meritage Portfolio Management now owns 20,937 shares of the insurance provider’s stock valued at $664,000 after purchasing an additional 1,744 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 valued at $3,464,000 after purchasing an additional 17,053 shares during the last quarter. Finally, EMC Capital Management grew its holdings in shares of Radian Group by 300.8% during the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock worth $584,000 after purchasing an additional 13,810 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a report 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $36.30.

Insider Activity

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the sale, the insider now owns 171,830 shares in the company, valued at $5,953,909.50. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.16% of the company’s stock.

Radian Group Price Performance

RDN stock opened at $32.96 on Monday. The business’s fifty day moving average price is $33.00 and its 200 day moving average price is $34.16. Radian Group Inc. has a 12-month low of $26.11 and a 12-month high of $37.86. The company has a current ratio of 0.46, a quick ratio of 2.01 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $4.91 billion, a PE ratio of 8.39, a P/E/G ratio of 1.83 and a beta of 1.06.

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, topping 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, sell-side analysts anticipate that Radian Group Inc. will post 3.67 EPS for the current year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group’s dividend payout ratio is currently 24.94%.

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.