Radian Group Inc. (NYSE:RDN) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lessened its stake in Radian Group Inc. (NYSE:RDN) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 44,008 shares of the insurance provider’s stock after selling 510 shares during the period. Arizona State Retirement System’s holdings in Radian Group were worth $1,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC increased its position in Radian Group by 2.4% in the 4th 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 position in Radian Group by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 27,318 shares of the insurance provider’s stock valued at $780,000 after acquiring an additional 389 shares during the period. Mariner LLC increased its position in Radian Group by 2.2% in the 3rd quarter. Mariner LLC now owns 24,220 shares of the insurance provider’s stock valued at $608,000 after acquiring an additional 515 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in 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 valued at $474,000 after purchasing an additional 546 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Radian Group by 0.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 232,696 shares of the insurance provider’s stock valued at $4,572,000 after purchasing an additional 598 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $35.00 price objective (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 assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.00.

Radian Group Price Performance

Shares of RDN opened at $30.25 on Monday. Radian Group Inc. has a twelve month low of $22.93 and a twelve month high of $33.69. The stock’s 50 day moving average is $30.13 and its two-hundred day moving average is $28.12. The firm has a market capitalization of $4.58 billion, a PE ratio of 8.00, a P/E/G ratio of 1.85 and a beta of 1.02. 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 announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The business had revenue of $328.64 million for the quarter, compared to analyst estimates of $319.04 million. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS. Research analysts anticipate that Radian Group Inc. will post 3.27 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a dividend of $0.245 per share. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.98 annualized dividend and a dividend yield of 3.24%. Radian Group’s payout ratio is 25.93%.

Radian Group 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.