Empowered Funds LLC Buys Shares of 8,434 Radian Group Inc. (NYSE:RDN)

Empowered Funds LLC bought a new stake in Radian Group Inc. (NYSE:RDN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,434 shares of the insurance provider’s stock, valued at approximately $268,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in shares of Radian Group by 11.2% in the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock valued at $6,233,000 after buying an additional 19,730 shares during the period. Centiva Capital LP purchased a new stake in shares of Radian Group in the 3rd quarter valued at $512,000. EMC Capital Management raised its holdings in shares of Radian Group by 300.8% in the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock valued at $584,000 after buying an additional 13,810 shares during the period. Moran Wealth Management LLC purchased a new stake in shares of Radian Group in the 3rd quarter valued at $2,650,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Radian Group by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after buying an additional 121,166 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the transaction, the insider now directly owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.16% of the company’s stock.

Radian Group Trading Down 1.1 %

RDN opened at $32.44 on Friday. Radian Group Inc. has a 12 month low of $27.20 and a 12 month high of $37.86. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The business has a fifty day moving average price of $32.65 and a 200 day moving average price of $33.94.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Sell-side analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th will be given a dividend of $0.255 per share. This is a boost from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Monday, February 24th. Radian Group’s dividend payout ratio is currently 25.95%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RDN. UBS Group boosted their price objective on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday. Keefe, Bruyette & Woods lowered their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.80.

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.