Radian Group Inc. (NYSE:RDN) Stake Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its stake in shares of Radian Group Inc. (NYSE:RDN) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,442 shares of the insurance provider’s stock after buying an additional 2,050 shares during the period. QRG Capital Management Inc.’s holdings in Radian Group were worth $1,061,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its position in shares of Radian Group by 2.7% in the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock worth $232,433,000 after acquiring an additional 177,142 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Radian Group by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock worth $202,789,000 after purchasing an additional 121,166 shares in the last quarter. FMR LLC raised its stake in Radian Group by 0.4% during the 3rd quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock valued at $124,476,000 after purchasing an additional 12,834 shares during the period. Vest Financial LLC raised its stake in Radian Group by 35.4% during the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock valued at $34,640,000 after purchasing an additional 285,481 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Radian Group by 23.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,020,912 shares of the insurance provider’s stock valued at $32,383,000 after purchasing an additional 192,854 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on RDN. Keefe, Bruyette & Woods dropped their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. UBS Group lifted their target price on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.80.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were 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 in the company, valued at $11,231.60. This represents a 92.26 % decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Trading Up 0.4 %

Shares of NYSE:RDN opened at $33.04 on Tuesday. The firm has a fifty day moving average of $32.65 and a two-hundred day moving average of $33.90. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 12-month low of $28.98 and a 12-month high of $37.86. The firm has a market capitalization of $4.79 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06.

Radian Group (NYSE:RDN) last released its quarterly earnings data 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 return on equity of 13.96% and a net margin of 46.85%. On average, equities analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, February 24th will be paid a $0.255 dividend. This is a boost from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 24th. This represents a $1.02 annualized dividend and a dividend yield of 3.09%. Radian Group’s payout ratio is presently 25.95%.

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.