Jones Financial Companies Lllp Buys 2,119 Shares of Radian Group Inc. (NYSE:RDN)

Jones Financial Companies Lllp lifted its stake in Radian Group Inc. (NYSE:RDN) by 735.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,407 shares of the insurance provider’s stock after purchasing an additional 2,119 shares during the quarter. Jones Financial Companies Lllp’s holdings in Radian Group were worth $76,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC boosted its position in shares of Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 485 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Radian Group by 124.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 1,320 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 528 shares in the last quarter. KBC Group NV boosted its position in shares of Radian Group by 19.0% in the 3rd 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. Finally, Quadrature Capital Ltd purchased a new position in Radian Group in the 3rd quarter worth approximately $237,000. 95.33% of the stock is owned by institutional investors.

Radian Group Trading Up 1.4 %

Shares of Radian Group stock opened at $31.52 on Monday. The company has a market capitalization of $4.57 billion, a P/E ratio of 8.02, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The company has a fifty day moving average of $32.62 and a 200 day moving average of $33.65. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 EPS 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%. On average, sell-side 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 was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Monday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is 25.95%.

Wall Street Analyst Weigh In

RDN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. 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, February 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $36.80.

Insider Buying and Selling at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the stock in a transaction dated Friday, February 28th. The shares were 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 of the company’s stock, valued at $11,231.60. This represents a 92.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.16% of the company’s stock.

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.