Farther Finance Advisors LLC Cuts Stock Holdings in Radian Group Inc. (NYSE:RDN)

Farther Finance Advisors LLC lessened its position in Radian Group Inc. (NYSE:RDN) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,064 shares of the insurance provider’s stock after selling 1,913 shares during the quarter. Farther Finance Advisors LLC’s holdings in Radian Group were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RDN. HighTower Advisors LLC lifted its stake in Radian Group by 11.4% in the 4th quarter. HighTower Advisors LLC now owns 8,824 shares of the insurance provider’s stock worth $280,000 after purchasing an additional 900 shares in the last quarter. River Road Asset Management LLC boosted its stake in Radian Group by 0.3% during the fourth quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider’s stock worth $52,160,000 after buying an additional 5,524 shares during the last quarter. Miller Financial Services LLC purchased a new stake in Radian Group in the 4th quarter valued at $465,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Radian Group by 24.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,293 shares of the insurance provider’s stock worth $1,246,000 after acquiring an additional 7,823 shares during the last quarter. Finally, Amundi raised its holdings in shares of Radian Group by 186.5% during the 4th quarter. Amundi now owns 77,075 shares of the insurance provider’s stock worth $2,439,000 after acquiring an additional 50,171 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Stock Up 0.0 %

Shares of RDN opened at $31.52 on Tuesday. The company’s 50-day simple moving average is $32.62 and its 200-day simple moving average is $33.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86. The stock has a market capitalization of $4.57 billion, a PE ratio of 8.02, a P/E/G ratio of 1.73 and a beta of 1.04.

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, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The business 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 annualized dividend and a yield of 3.24%. This is a boost from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 24th. Radian Group’s payout ratio is presently 25.95%.

Insiders Place Their Bets

In other 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 transaction of $133,865.00. Following the completion of the transaction, the director now directly owns 344 shares of the company’s stock, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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