Royce & Associates LP Has $2.91 Million Holdings in Radian Group Inc. (NYSE:RDN)

Royce & Associates LP increased its stake in Radian Group Inc. (NYSE:RDN) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,603 shares of the insurance provider’s stock after buying an additional 7,914 shares during the quarter. Royce & Associates LP owned approximately 0.06% of Radian Group worth $2,906,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RDN. Picton Mahoney Asset Management boosted its holdings in shares of Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after buying an additional 342 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after buying an additional 485 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Radian Group by 124.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock valued at $75,000 after buying an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Radian Group by 735.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock valued at $76,000 after buying an additional 2,119 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Radian Group by 21.1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock valued at $105,000 after purchasing an additional 528 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analysts Set New Price Targets

RDN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. UBS Group lifted their price objective on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.80.

Insider Transactions at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the transaction, the director now owns 344 shares of the company’s stock, valued at $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.16% of the company’s stock.

Radian Group Stock Up 0.7 %

RDN opened at $31.64 on Thursday. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two 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 $4.59 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.73 and a beta of 1.04. The stock has a fifty day moving average of $32.61 and a 200-day moving average of $33.57.

Radian Group (NYSE:RDN) last posted its 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 return on equity of 13.96% and a net margin of 46.85%. On average, equities analysts expect that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were issued a dividend of $0.255 per share. The ex-dividend date was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

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.