Raymond James Financial Inc. Buys Shares of 153,595 Radian Group Inc. (NYSE:RDN)

Raymond James Financial Inc. purchased a new position in Radian Group Inc. (NYSE:RDN) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 153,595 shares of the insurance provider’s stock, valued at approximately $4,872,000. Raymond James Financial Inc. owned 0.10% of Radian Group at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Nordea Investment Management AB lifted its position in Radian Group by 11.2% in the fourth 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 during the period. Centiva Capital LP acquired a new stake in shares of Radian Group in the third quarter valued at $512,000. Principal Financial Group Inc. lifted its holdings in shares of Radian Group by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock valued at $22,915,000 after buying an additional 13,202 shares during the period. EMC Capital Management boosted its stake in Radian Group by 300.8% during the fourth 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 in the last quarter. Finally, Empowered Funds LLC acquired a new position in Radian Group during the fourth quarter worth about $268,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the sale, the director now owns 344 shares in the company, valued at approximately $11,231.60. This represents a 92.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.16% of the stock is currently owned by company insiders.

Radian Group Stock Performance

Shares of RDN opened at $32.69 on Wednesday. Radian Group Inc. has a 52 week low of $29.17 and a 52 week high of $37.86. 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 market capitalization of $4.74 billion, a PE ratio of 8.32, a PEG ratio of 1.73 and a beta of 1.04. The company’s 50 day moving average price is $32.69 and its 200 day moving average price is $33.46.

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

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.12%. This is an increase from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 24th. Radian Group’s payout ratio is currently 25.95%.

Analysts Set New Price Targets

A number of analysts recently commented on RDN shares. Keefe, Bruyette & Woods dropped their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. UBS Group upped their price target on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Radian Group has an average rating of “Hold” and a consensus 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.