Radian Group Inc. (NYSE:RDN) Holdings Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of Radian Group Inc. (NYSE:RDN) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,616 shares of the insurance provider’s stock after purchasing an additional 1,517 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Radian Group worth $2,684,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RDN. V Square Quantitative Management LLC grew its stake in Radian Group by 61.5% during the 4th 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 during the last quarter. Smartleaf Asset Management LLC lifted its stake in Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock valued at $75,000 after buying an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 2,119 shares during the period. Blue Trust Inc. grew its position in shares of Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 528 shares during the last quarter. Finally, KBC Group NV increased its holdings 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 acquiring an additional 716 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports 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, February 19th. Keefe, Bruyette & Woods reduced their price objective on 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Radian Group presently has an average rating of “Hold” and a consensus target price of $36.80.

Radian Group Stock Up 1.4 %

RDN stock opened at $31.52 on Monday. 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 firm has a market cap of $4.57 billion, a PE ratio of 8.02, a P/E/G ratio of 1.73 and a beta of 1.04. Radian Group Inc. has a 12 month low of $29.17 and a 12 month high of $37.86. The firm has a 50 day simple moving average of $32.62 and a 200 day simple moving average of $33.65.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share 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%. Equities research analysts forecast 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 yield of 3.24%. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s payout ratio is presently 25.95%.

Insider Buying and Selling at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the sale, the director now directly owns 344 shares of the company’s stock, valued at $11,231.60. The trade was a 92.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.16% of the company’s stock.

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.