Maryland State Retirement & Pension System Reduces Position in Radian Group Inc. (NYSE:RDN)

Maryland State Retirement & Pension System cut its position in shares of Radian Group Inc. (NYSE:RDN) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,155 shares of the insurance provider’s stock after selling 640 shares during the period. Maryland State Retirement & Pension System’s holdings in Radian Group were worth $1,591,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management boosted its stake in shares of Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 342 shares during the period. MML Investors Services LLC boosted its position in Radian Group by 4.5% in the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock valued at $295,000 after buying an additional 364 shares during the period. CX Institutional boosted its position 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 boosted its position in 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 period. Finally, Blue Trust Inc. boosted its position in Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock valued at $105,000 after buying an additional 528 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Trading Down 0.1 %

NYSE:RDN opened at $31.97 on Friday. Radian Group Inc. has a one year low of $29.17 and a one year 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 firm has a market cap of $4.64 billion, a P/E ratio of 8.13, a P/E/G ratio of 1.73 and a beta of 1.04. The firm has a 50-day simple moving average of $32.65 and a 200-day simple moving average of $33.53.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 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%. Equities analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently disclosed 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 dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s payout ratio is 25.95%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RDN. UBS Group boosted their price objective 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 lowered 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Radian Group presently has a consensus rating of “Hold” and an average target price of $36.80.

Insider Buying and Selling

In related news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were 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 owns 344 shares in the company, valued at $11,231.60. The trade was a 92.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.16% of the stock is currently 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.