Rhumbline Advisers Increases Stake in Radian Group Inc. (NYSE:RDN)

Rhumbline Advisers increased its stake in Radian Group Inc. (NYSE:RDN) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,072 shares of the insurance provider’s stock after purchasing an additional 5,470 shares during the quarter. Rhumbline Advisers owned 0.33% of Radian Group worth $15,482,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC grew its holdings in shares of Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after buying an additional 485 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Radian Group by 352.4% during the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 1,949 shares in the last quarter. KBC Group NV lifted its position in shares of Radian Group by 19.0% during the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 716 shares in the last quarter. Forum Financial Management LP acquired a new stake in Radian Group in the third quarter valued at $201,000. Finally, Quadrature Capital Ltd acquired a new stake in Radian Group in the third quarter valued at $237,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Trading Down 1.1 %

NYSE:RDN opened at $32.44 on Friday. The stock’s 50 day moving average price is $32.65 and its 200 day moving average price is $33.94. Radian Group Inc. has a 52 week low of $27.20 and a 52 week high of $37.86. The company has a market capitalization of $4.71 billion, a P/E ratio of 8.25, a P/E/G ratio of 1.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, February 24th will be given a $0.255 dividend. This is a boost from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Monday, February 24th. Radian Group’s dividend payout ratio (DPR) is 24.94%.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the stock in a transaction on 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 in the company, valued at $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.