Louisiana State Employees Retirement System Reduces Stock Position in Radian Group Inc. (NYSE:RDN)

Louisiana State Employees Retirement System cut its holdings in Radian Group Inc. (NYSE:RDN) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,000 shares of the insurance provider’s stock after selling 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Radian Group were worth $2,284,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Empowered Funds LLC acquired a new stake in shares of Radian Group in the fourth quarter valued at approximately $268,000. Vest Financial LLC grew its position in shares of Radian Group by 35.4% in the fourth quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock valued at $34,640,000 after purchasing an additional 285,481 shares during the last quarter. Meritage Portfolio Management grew its position in shares of Radian Group by 9.1% in the fourth quarter. Meritage Portfolio Management now owns 20,937 shares of the insurance provider’s stock valued at $664,000 after purchasing an additional 1,744 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Radian Group by 18.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,871 shares of the insurance provider’s stock worth $3,464,000 after acquiring an additional 17,053 shares during the last quarter. Finally, EMC Capital Management boosted its position in Radian Group by 300.8% during the fourth quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock worth $584,000 after acquiring an additional 13,810 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now 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 legal filing with the SEC, which is available at this link. 2.16% of the stock is currently owned by insiders.

Radian Group Stock Performance

NYSE:RDN opened at $32.74 on Friday. 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 Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $37.86. The firm’s 50 day moving average is $32.74 and its two-hundred day moving average is $34.05.

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%. Analysts expect that Radian Group Inc. will post 3.67 EPS for the current year.

Radian Group Increases Dividend

The business 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 dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.12%. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is currently 24.94%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods decreased their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.30.

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.