Dimensional Fund Advisors LP Sells 44,029 Shares of Radian Group Inc. (NYSE:RDN)

Dimensional Fund Advisors LP lessened its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,381,300 shares of the insurance provider's stock after selling 44,029 shares during the quarter. Dimensional Fund Advisors LP owned about 3.61% of Radian Group worth $170,696,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Picton Mahoney Asset Management lifted 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 valued at $31,000 after buying an additional 342 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings 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 acquiring an additional 485 shares during the period. Covestor Ltd boosted its holdings in shares of Radian Group by 35.6% in the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock worth $43,000 after acquiring an additional 355 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Radian Group by 735.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 2,119 shares during the period. Hedge funds and other institutional investors own 95.33% of the company's stock.

Insider Activity

In other news, Director Gregory Serio sold 4,100 shares of the stock in a transaction dated Friday, February 28th. The stock was 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 approximately $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.16% of the company's stock.

Radian Group Price Performance

Radian Group stock traded down $0.23 during midday trading on Tuesday, hitting $31.29. 280,945 shares of the company's stock were exchanged, compared to its average volume of 1,195,222. The company has a market cap of $4.42 billion, a P/E ratio of 7.97, a PEG ratio of 1.73 and a beta of 0.75. 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 stock has a 50-day moving average price of $32.05 and a two-hundred day moving average price of $32.99. Radian Group Inc. has a 52-week low of $29.77 and a 52-week high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 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%. On average, equities research analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were issued a $0.255 dividend. 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. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.26%. Radian Group's dividend payout ratio is presently 25.95%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RDN. Keefe, Bruyette & Woods reduced their target price on Radian Group from $40.00 to $37.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. UBS Group raised 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $36.20.

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.