Sanctuary Advisors LLC Acquires 1,317 Shares of Radian Group Inc. (NYSE:RDN)

Sanctuary Advisors LLC lifted its holdings in shares of Radian Group Inc. (NYSE:RDN) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,858 shares of the insurance provider’s stock after acquiring an additional 1,317 shares during the period. Sanctuary Advisors LLC’s holdings in Radian Group were worth $756,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nordea Investment Management AB increased its position in shares of Radian Group by 11.2% during the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock worth $6,233,000 after purchasing an additional 19,730 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Radian Group during the 3rd quarter worth about $512,000. EMC Capital Management increased its position in shares of Radian Group by 300.8% during the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock worth $584,000 after purchasing an additional 13,810 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Radian Group by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock worth $22,915,000 after purchasing an additional 13,202 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in shares of Radian Group during the 3rd quarter worth about $2,650,000. 95.33% of the stock is owned by institutional investors.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the sale, the insider now owns 171,830 shares in the company, valued at $5,953,909.50. The trade was a 7.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.16% of the stock is owned by corporate insiders.

Radian Group Trading Up 0.3 %

RDN opened at $32.84 on Friday. 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 market capitalization of $4.76 billion, a PE ratio of 8.36, a PEG ratio of 1.73 and a beta of 1.06. Radian Group Inc. has a 1-year low of $28.70 and a 1-year high of $37.86. The firm has a 50-day moving average price of $32.64 and a two-hundred day moving average price of $33.90.

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

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RDN. Keefe, Bruyette & Woods dropped their target price 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. UBS Group increased their target price on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.80.

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.