Oregon Public Employees Retirement Fund Sells 400 Shares of Radian Group Inc. (NYSE:RDN)

Oregon Public Employees Retirement Fund cut its holdings in shares of Radian Group Inc. (NYSE:RDN) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,006 shares of the insurance provider’s stock after selling 400 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Radian Group were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund lifted its holdings in Radian Group by 1.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 84,441 shares of the insurance provider’s stock worth $2,678,000 after acquiring an additional 942 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in Radian Group during the fourth quarter worth about $666,000. CIBC Asset Management Inc lifted its holdings in Radian Group by 16.2% during the fourth quarter. CIBC Asset Management Inc now owns 10,193 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 1,418 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Radian Group by 6.4% in the fourth quarter. Sanctuary Advisors LLC now owns 21,858 shares of the insurance provider’s stock valued at $756,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Radian Group by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock valued at $22,915,000 after purchasing an additional 13,202 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RDN has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. UBS Group boosted 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Radian Group presently has an average rating of “Hold” and a consensus target price of $36.80.

Radian Group Stock Performance

RDN opened at $32.84 on Friday. Radian Group Inc. has a 52-week low of $28.70 and a 52-week high of $37.86. The firm has a market capitalization of $4.76 billion, a PE ratio of 8.36, a PEG ratio of 1.73 and a beta of 1.06. 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 business’s 50-day simple moving average is $32.65 and its 200 day simple moving average is $33.90.

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 the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, sell-side analysts expect 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 will be paid on Tuesday, March 11th. Investors of record on Monday, February 24th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is presently 25.95%.

Insider Buying and Selling

In related news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the sale, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.16% of the stock is currently owned by corporate insiders.

About Radian Group

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.