Bayesian Capital Management LP Acquires 7,500 Shares of Radian Group Inc. (NYSE:RDN)

Bayesian Capital Management LP lifted its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 101.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,900 shares of the insurance provider's stock after acquiring an additional 7,500 shares during the quarter. Bayesian Capital Management LP's holdings in Radian Group were worth $473,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. First Trust Advisors LP lifted its position in Radian Group by 20.6% during the 4th quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock valued at $341,505,000 after purchasing an additional 1,836,020 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Radian Group by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider's stock valued at $193,307,000 after buying an additional 248,423 shares during the period. American Century Companies Inc. boosted its stake in Radian Group by 7.9% in the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider's stock valued at $106,305,000 after acquiring an additional 245,303 shares during the last quarter. Norges Bank bought a new stake in shares of Radian Group during the 4th quarter valued at $73,693,000. Finally, River Road Asset Management LLC lifted its stake in shares of Radian Group by 0.3% in the 4th quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider's stock valued at $52,160,000 after purchasing an additional 5,524 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Activity at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.01% of the company's stock.

Radian Group Stock Down 0.9 %

Shares of NYSE:RDN traded down $0.31 during trading on Friday, hitting $33.58. 961,676 shares of the company's stock traded hands, compared to its average volume of 1,216,339. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $32.16 and a 200-day moving average price of $32.90. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $37.86. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71.

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

Radian Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RDN shares. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $38.00 price objective (up previously from $37.00) on shares of Radian Group in a report on Friday, May 2nd. UBS Group increased their price target on shares of Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $36.80.

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.