Vestcor Inc Reduces Holdings in Radian Group Inc. (NYSE:RDN)

Vestcor Inc lessened its position in shares of Radian Group Inc. (NYSE:RDN) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,551 shares of the insurance provider’s stock after selling 6,973 shares during the quarter. Vestcor Inc’s holdings in Radian Group were worth $937,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC raised its position in Radian Group by 4.5% in the third quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock valued at $295,000 after purchasing an additional 364 shares during the period. CX Institutional raised its holdings in 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 buying an additional 451 shares during the period. V Square Quantitative Management LLC lifted its position in Radian Group by 61.5% in the fourth 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. Blue Trust Inc. boosted its stake in Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after buying an additional 528 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of Radian Group by 8.0% in the 3rd quarter. Quantinno Capital Management LP now owns 7,861 shares of the insurance provider’s stock valued at $273,000 after acquiring an additional 579 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Price Performance

Radian Group stock opened at $31.52 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 52-week low of $29.17 and a 52-week high of $37.86. The firm has a market cap of $4.57 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company’s 50 day moving average is $32.62 and its two-hundred day moving average is $33.66.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating 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, research analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. Radian Group’s dividend payout ratio is presently 25.95%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group increased 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. Keefe, Bruyette & Woods lowered 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Radian Group currently has a consensus rating of “Hold” and a consensus target price of $36.80.

Insider Activity at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the sale, the director now directly owns 344 shares of the company’s stock, valued at $11,231.60. The trade was a 92.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.16% of the stock is owned by corporate 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.