Natixis Advisors LLC Has $8.88 Million Stock Position in Radian Group Inc. (NYSE:RDN)

Natixis Advisors LLC trimmed its position in Radian Group Inc. (NYSE:RDN) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 279,946 shares of the insurance provider’s stock after selling 25,124 shares during the quarter. Natixis Advisors LLC’s holdings in Radian Group were worth $8,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management lifted its stake in shares of Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after buying an additional 342 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of 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 worth $40,000 after buying an additional 485 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after buying an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock worth $76,000 after buying an additional 2,119 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Radian Group by 21.1% in 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 last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on RDN. Keefe, Bruyette & Woods cut their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. UBS Group upped their target price on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.80.

Radian Group Stock Up 1.0 %

Shares of NYSE:RDN opened at $31.99 on Friday. The firm has a market cap of $4.64 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.73 and a beta of 1.04. 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 12 month low of $29.17 and a 12 month high of $37.86. The company’s 50-day moving average price is $32.62 and its two-hundred day moving average price is $33.56.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (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%. As a group, research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is 25.95%.

Insider Activity

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

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.