Vestcor Inc Lowers Position in Radian Group Inc. (NYSE:RDN)

Vestcor Inc trimmed its position in shares of Radian Group Inc. (NYSE:RDN) by 19.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,551 shares of the insurance provider’s stock after selling 6,973 shares during the quarter. Vestcor Inc’s holdings in Radian Group were worth $937,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in RDN. Nordea Investment Management AB increased its holdings in Radian Group by 11.2% in the fourth quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock valued at $6,233,000 after buying an additional 19,730 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Radian Group in the 3rd quarter valued at about $512,000. Principal Financial Group Inc. raised its holdings in Radian Group by 1.9% in the 4th 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. EMC Capital Management boosted its position in Radian Group by 300.8% during the fourth 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 in the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in Radian Group in the third quarter valued at approximately $2,650,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now owns 344 shares of the company’s stock, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.16% of the company’s stock.

Radian Group Trading Up 1.4 %

Shares of RDN stock opened at $31.52 on Friday. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The stock’s fifty day moving average is $32.62 and its two-hundred day moving average is $33.66. The firm has a market capitalization of $4.57 billion, a P/E ratio of 8.02, a PEG ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share 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%. Research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were issued 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 dividend yield of 3.24%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group’s payout ratio is currently 25.95%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group upped their target price on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their target price 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 given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.80.

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.