Radian Group Inc. (NYSE:RDN) Shares Sold by Xponance Inc.

Xponance Inc. lowered its stake in Radian Group Inc. (NYSE:RDN) by 13.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,341 shares of the insurance provider’s stock after selling 2,018 shares during the quarter. Xponance Inc.’s holdings in Radian Group were worth $381,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. lifted its holdings in Radian Group by 117.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,694,765 shares of the insurance provider’s stock valued at $42,556,000 after acquiring an additional 914,046 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Radian Group in the 4th quarter valued at about $16,368,000. Tudor Investment Corp Et Al acquired a new stake in Radian Group in the 3rd quarter valued at about $6,735,000. Comerica Bank lifted its holdings in Radian Group by 5,573.5% in the 3rd quarter. Comerica Bank now owns 222,287 shares of the insurance provider’s stock valued at $5,582,000 after acquiring an additional 218,369 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Radian Group by 12.4% in the 3rd quarter. American Century Companies Inc. now owns 1,855,310 shares of the insurance provider’s stock valued at $46,587,000 after acquiring an additional 204,459 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Price Performance

RDN stock opened at $30.35 on Friday. 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 Inc. has a one year low of $22.93 and a one year high of $33.69. The firm has a market capitalization of $4.60 billion, a PE ratio of 8.03, a P/E/G ratio of 1.86 and a beta of 1.02. The firm has a 50-day moving average of $30.51 and a two-hundred day moving average of $28.39.

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

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, February 23rd. 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 3.23%. Radian Group’s dividend payout ratio is currently 25.93%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $35.00 price target (down 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 assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.00.

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.