Radian Group Inc. (NYSE:RDN) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its holdings in shares of Radian Group Inc. (NYSE:RDN) by 177.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,320 shares of the insurance provider’s stock after purchasing an additional 17,477 shares during the period. LPL Financial LLC’s holdings in Radian Group were worth $867,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MML Investors Services LLC raised its holdings in Radian Group by 4.5% in the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock valued at $295,000 after acquiring an additional 364 shares during the last quarter. Barclays PLC raised its holdings in shares of Radian Group by 218.0% during the 3rd quarter. Barclays PLC now owns 284,463 shares of the insurance provider’s stock valued at $9,868,000 after buying an additional 194,996 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Radian Group by 11.3% during the third quarter. Sanctuary Advisors LLC now owns 20,541 shares of the insurance provider’s stock valued at $718,000 after purchasing an additional 2,083 shares during the period. Tidal Investments LLC acquired a new position in Radian Group in the 3rd quarter worth $402,000. Finally, Nordea Investment Management AB lifted its stake in shares of Radian Group by 11.2% in the fourth quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock worth $6,233,000 after acquiring an additional 19,730 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insiders Place Their Bets

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 completion of the transaction, the director now owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.16% of the stock is owned by insiders.

Radian Group Stock Down 1.9 %

NYSE:RDN opened at $31.00 on Tuesday. The firm has a market capitalization of $4.38 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a 52 week low of $29.55 and a 52 week high of $37.86. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $32.16 and a 200-day moving average of $33.09.

Radian Group (NYSE:RDN) last posted its earnings results 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%. Analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were given a $0.255 dividend. This is a boost from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 annualized dividend and a yield of 3.29%. Radian Group’s dividend payout ratio is 25.95%.

Analyst Upgrades and Downgrades

RDN has been the topic of several recent analyst reports. UBS Group upped their price target on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their target price on Radian Group from $40.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.20.

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.