Radian Group Inc. (NYSE:RDN) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC decreased its position in Radian Group Inc. (NYSE:RDN - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,691 shares of the insurance provider's stock after selling 43,177 shares during the quarter. AQR Capital Management LLC owned 0.14% of Radian Group worth $6,588,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new position in Radian Group during the 4th quarter valued at about $1,144,000. Price T Rowe Associates Inc. MD increased its stake in Radian Group by 10.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 111,498 shares of the insurance provider's stock worth $3,537,000 after buying an additional 10,230 shares during the period. MetLife Investment Management LLC lifted its holdings in Radian Group by 6.1% during the 4th quarter. MetLife Investment Management LLC now owns 91,415 shares of the insurance provider's stock worth $2,900,000 after buying an additional 5,253 shares in the last quarter. Capital World Investors boosted its position in Radian Group by 19.5% in the 4th quarter. Capital World Investors now owns 1,208,457 shares of the insurance provider's stock valued at $38,332,000 after buying an additional 197,147 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Radian Group by 20.6% in the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock worth $341,505,000 after acquiring an additional 1,836,020 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RDN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $38.00 target price (up from $37.00) on shares of Radian Group in a report on Friday, May 2nd. UBS Group lifted their price objective on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $36.80.

Insiders Place Their Bets

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction on 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 directly owns 344 shares of the company's stock, valued at $11,231.60. The trade was a 92.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.01% of the company's stock.

Radian Group Stock Down 0.9 %

Shares of RDN traded down $0.31 during mid-day trading on Friday, reaching $33.58. The company's stock had a trading volume of 961,676 shares, compared to its average volume of 1,216,339. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $37.86. The stock has a market cap of $4.51 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The company's 50 day moving average is $32.16 and its 200 day moving average is $32.90.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The business had revenue of $318.11 million during the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The company's revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Equities analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Radian Group's previous quarterly dividend of $0.25. Radian Group's dividend payout ratio is currently 25.95%.

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.