Nisa Investment Advisors LLC Reduces Position in Radian Group Inc. (NYSE:RDN)

Nisa Investment Advisors LLC trimmed its position in Radian Group Inc. (NYSE:RDN) by 6.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,465 shares of the insurance provider’s stock after selling 800 shares during the period. Nisa Investment Advisors LLC’s holdings in Radian Group were worth $327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ellsworth Advisors LLC increased its position in shares of Radian Group by 2.4% in the fourth quarter. Ellsworth Advisors LLC now owns 15,716 shares of the insurance provider’s stock valued at $449,000 after acquiring an additional 372 shares during the period. Exchange Traded Concepts LLC increased its holdings in Radian Group by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 27,318 shares of the insurance provider’s stock valued at $780,000 after purchasing an additional 389 shares during the period. Arizona State Retirement System raised its position in Radian Group by 1.1% during the 3rd quarter. Arizona State Retirement System now owns 44,518 shares of the insurance provider’s stock valued at $1,118,000 after purchasing an additional 466 shares during the last quarter. Mariner LLC lifted its holdings in Radian Group by 2.2% in the 3rd quarter. Mariner LLC now owns 24,220 shares of the insurance provider’s stock worth $608,000 after buying an additional 515 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Radian Group by 3.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,866 shares of the insurance provider’s stock worth $474,000 after buying an additional 546 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Stock Down 0.2 %

RDN stock opened at $29.28 on Friday. Radian Group Inc. has a fifty-two week low of $22.93 and a fifty-two week high of $33.69. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.02. The business’s 50 day moving average price is $30.24 and its two-hundred day moving average price is $28.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.65 and a current ratio of 1.65.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. The company had revenue of $328.64 million for the quarter, compared to analysts’ expectations of $319.04 million. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 earnings per share. As a group, analysts forecast that Radian Group Inc. will post 3.27 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 3.35%. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, February 23rd. Radian Group’s dividend payout ratio (DPR) is presently 25.93%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $35.00 target price (down previously from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.00.

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.