Sequoia Financial Advisors LLC Invests $343,000 in Radian Group Inc. (NYSE:RDN)

Sequoia Financial Advisors LLC acquired a new position in Radian Group Inc. (NYSE:RDN) during the 4th quarter, Holdings Channel reports. The firm acquired 12,009 shares of the insurance provider’s stock, valued at approximately $343,000.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in shares of Radian Group in the 4th quarter worth approximately $16,368,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Radian Group by 42.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,084 shares of the insurance provider’s stock worth $4,942,000 after purchasing an additional 51,852 shares during the period. Comerica Bank lifted its stake in shares of Radian Group by 5,573.5% in the 3rd quarter. Comerica Bank now owns 222,287 shares of the insurance provider’s stock worth $5,582,000 after purchasing an additional 218,369 shares during the period. Tudor Investment Corp Et Al bought a new position in shares of Radian Group in the 3rd quarter worth approximately $6,735,000. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Radian Group by 174.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 27,864 shares of the insurance provider’s stock worth $700,000 after purchasing an additional 17,713 shares during the period. Institutional investors own 95.33% of the company’s stock.

Radian Group Trading Down 0.2 %

Radian Group stock opened at $29.28 on Friday. The firm has a 50 day moving average of $30.24 and a 200 day moving average of $28.20. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 7.75, a P/E/G ratio of 1.81 and a beta of 1.02. Radian Group Inc. has a 12-month low of $22.93 and a 12-month high of $33.69. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35.

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

Radian Group Increases Dividend

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

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $35.00 price objective (down previously from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.