V Square Quantitative Management LLC Has $40,000 Holdings in Radian Group Inc. (NYSE:RDN)

V Square Quantitative Management LLC grew its holdings in shares of Radian Group Inc. (NYSE:RDN) by 61.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,274 shares of the insurance provider’s stock after acquiring an additional 485 shares during the quarter. V Square Quantitative Management LLC’s holdings in Radian Group were worth $40,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Radian Group by 272.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock worth $28,725,000 after buying an additional 605,956 shares in the last quarter. Vest Financial LLC raised its position in Radian Group by 35.4% in the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock valued at $34,640,000 after buying an additional 285,481 shares during the last quarter. Barclays PLC raised its position in Radian Group by 218.0% in the 3rd quarter. Barclays PLC now owns 284,463 shares of the insurance provider’s stock valued at $9,868,000 after buying an additional 194,996 shares during the last quarter. State Street Corp raised its position in Radian Group by 2.7% in the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after buying an additional 177,142 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Radian Group by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after purchasing an additional 121,166 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note 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 data from MarketBeat, Radian Group currently has a consensus rating of “Hold” and an average price target of $36.30.

Radian Group Stock Up 1.2 %

Shares of NYSE RDN opened at $32.74 on Tuesday. Radian Group Inc. has a 52 week low of $27.20 and a 52 week high of $37.86. The business has a 50-day simple moving average of $32.72 and a two-hundred day simple moving average of $33.98. The company has a quick ratio of 2.01, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. The company has a market cap of $4.88 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.83 and a beta of 1.06.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Radian Group Inc. will post 3.67 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is 24.94%.

Insider Activity

In related news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.