Radian Group Inc. (NYSE:RDN) Shares Acquired by Vest Financial LLC

Vest Financial LLC raised its stake in Radian Group Inc. (NYSE:RDN) by 35.4% in the fourth quarter, HoldingsChannel reports. The fund owned 1,092,054 shares of the insurance provider’s stock after purchasing an additional 285,481 shares during the period. Vest Financial LLC’s holdings in Radian Group were worth $34,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new position in shares of Radian Group during the 3rd quarter valued at approximately $27,000. Blue Trust Inc. increased its holdings in Radian Group by 352.4% in the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after buying an additional 1,949 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Radian Group in the second quarter worth about $116,000. KBC Group NV raised its position in shares of Radian Group by 19.0% in the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 716 shares during the period. Finally, Forum Financial Management LP acquired a new stake in shares of Radian Group during the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

RDN opened at $32.96 on Friday. The firm’s fifty day simple moving average is $33.05 and its two-hundred day simple moving average is $34.19. Radian Group Inc. has a 52-week low of $26.11 and a 52-week high of $37.86. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.85 and a beta of 1.06. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. Equities analysts anticipate that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Monday, November 25th. Radian Group’s dividend payout ratio is presently 24.94%.

Wall Street Analysts Forecast Growth

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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.30.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction 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 sale, the insider now owns 171,830 shares of the company’s stock, valued at $5,953,909.50. The trade was a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.16% of the stock is owned by company insiders.

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.