Versor Investments LP Sells 8,478 Shares of Radian Group Inc. (NYSE:RDN)

Versor Investments LP decreased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,761 shares of the insurance provider’s stock after selling 8,478 shares during the quarter. Versor Investments LP’s holdings in Radian Group were worth $1,293,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RDN. Illinois Municipal Retirement Fund boosted its stake in shares of Radian Group by 1.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 84,441 shares of the insurance provider’s stock valued at $2,678,000 after purchasing an additional 942 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in Radian Group in the 4th quarter valued at about $666,000. CIBC Asset Management Inc grew its stake in Radian Group by 16.2% in the 4th quarter. CIBC Asset Management Inc now owns 10,193 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 1,418 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Radian Group by 6.4% during the fourth quarter. Sanctuary Advisors LLC now owns 21,858 shares of the insurance provider’s stock worth $756,000 after acquiring an additional 1,317 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Radian Group by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock worth $22,915,000 after purchasing an additional 13,202 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.16% of the company’s stock.

Radian Group Stock Down 0.5 %

Shares of RDN stock opened at $32.30 on Thursday. The stock’s fifty day moving average price is $32.62 and its 200 day moving average price is $33.91. Radian Group Inc. has a 1-year low of $27.55 and a 1-year high of $37.86. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.16%. This is a boost from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 24th. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods cut their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.