Skba Capital Management LLC Sells 13,800 Shares of Radian Group Inc. (NYSE:RDN)

Skba Capital Management LLC trimmed its holdings in Radian Group Inc. (NYSE:RDN) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 381,200 shares of the insurance provider’s stock after selling 13,800 shares during the quarter. Radian Group makes up 1.9% of Skba Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Skba Capital Management LLC’s holdings in Radian Group were worth $12,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Picton Mahoney Asset Management boosted its holdings in 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 purchasing an additional 342 shares in the last quarter. V Square Quantitative Management LLC lifted its position 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 boosted its stake in shares of Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after acquiring an additional 1,320 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Radian Group by 735.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 2,119 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 528 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the sale, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.16% of the company’s stock.

Radian Group Stock Down 1.9 %

RDN opened at $32.83 on Monday. The business has a 50 day moving average of $32.70 and a 200-day moving average of $33.43. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 1-year low of $29.17 and a 1-year high of $37.86.

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 46.85% and a return on equity of 13.96%. As a group, sell-side analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently declared 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 3.11%. 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 payout ratio is currently 25.95%.

Wall Street Analyst Weigh In

RDN has been the topic of several analyst reports. UBS Group increased their price target on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods lowered their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Radian Group has an average rating of “Hold” and a consensus price target of $36.80.

Radian Group 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.