Smartleaf Asset Management LLC Acquires 1,320 Shares of Radian Group Inc. (NYSE:RDN)

Smartleaf Asset Management LLC increased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 124.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,378 shares of the insurance provider’s stock after purchasing an additional 1,320 shares during the period. Smartleaf Asset Management LLC’s holdings in Radian Group were worth $75,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RDN. V Square Quantitative Management LLC raised its holdings 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 period. Blue Trust Inc. lifted its position in Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 528 shares in the last quarter. KBC Group NV boosted its stake in 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 during the period. Quadrature Capital Ltd bought a new position in Radian Group during the 3rd quarter worth about $237,000. Finally, CX Institutional raised its stake in shares of Radian Group by 5.8% in the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 451 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gregory Serio sold 4,100 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, the director now directly owns 344 shares of the company’s stock, valued at approximately $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group upped their price objective on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their price target 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.80.

Radian Group Stock Performance

RDN opened at $32.13 on Monday. The business’s 50-day simple moving average is $32.67 and its 200 day simple moving average is $33.80. 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 firm has a market capitalization of $4.66 billion, a PE ratio of 8.17, a PEG ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be paid a $0.255 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.17%. This is a boost from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

Radian Group 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.