Envestnet Asset Management Inc. Sells 24,253 Shares of Radian Group Inc. (NYSE:RDN)

Envestnet Asset Management Inc. trimmed its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 11.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 190,627 shares of the insurance provider's stock after selling 24,253 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Radian Group worth $6,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the stock. Nordea Investment Management AB raised its stake in shares of Radian Group by 11.2% during the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider's stock worth $6,233,000 after purchasing an additional 19,730 shares in the last quarter. Principal Financial Group Inc. lifted its stake in 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 acquiring an additional 13,202 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Radian Group by 5.3% in the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider's stock valued at $16,205,000 after purchasing an additional 25,500 shares during the last quarter. EMC Capital Management boosted its holdings in Radian Group by 300.8% in the fourth quarter. EMC Capital Management now owns 18,401 shares of the insurance provider's stock worth $584,000 after purchasing an additional 13,810 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Radian Group during the fourth quarter worth $4,872,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Analyst Ratings Changes

RDN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lowered their price objective on Radian Group from $40.00 to $37.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. UBS Group lifted their price target 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $36.20.

Insiders Place Their Bets

In other news, Director Gregory Serio sold 4,100 shares of the company's stock in a transaction that occurred on 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 approximately $11,231.60. This represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.16% of the company's stock.

Radian Group Price Performance

Radian Group stock traded down $0.50 during trading hours on Friday, hitting $31.41. 720,774 shares of the stock were exchanged, compared to its average volume of 1,195,764. The stock has a market capitalization of $4.44 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.73 and a beta of 0.75. The business's 50-day moving average is $32.08 and its two-hundred day moving average is $33.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. Radian Group Inc. has a 12 month low of $29.77 and a 12 month high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Equities research analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were given a dividend of $0.255 per share. This is an increase 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 annualized dividend and a yield of 3.25%. Radian Group's dividend payout ratio is 25.95%.

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.