Louisiana State Employees Retirement System Takes $2.19 Million Position in Radian Group Inc. (NYSE:RDN)

Louisiana State Employees Retirement System acquired a new stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 76,600 shares of the insurance provider's stock, valued at approximately $2,187,000. Louisiana State Employees Retirement System owned 0.05% of Radian Group at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RDN. Assenagon Asset Management S.A. bought a new stake in Radian Group in the fourth quarter worth $16,368,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Radian Group by 42.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,084 shares of the insurance provider's stock worth $4,942,000 after purchasing an additional 51,852 shares in the last quarter. Comerica Bank grew its position in Radian Group by 5,573.5% during the 3rd quarter. Comerica Bank now owns 222,287 shares of the insurance provider's stock valued at $5,582,000 after purchasing an additional 218,369 shares during the last quarter. Tudor Investment Corp Et Al bought a new stake in Radian Group during the 3rd quarter valued at about $6,735,000. Finally, Los Angeles Capital Management LLC raised its holdings in Radian Group by 174.5% in the third quarter. Los Angeles Capital Management LLC now owns 27,864 shares of the insurance provider's stock worth $700,000 after buying an additional 17,713 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Stock Performance

RDN traded down $0.05 during midday trading on Thursday, hitting $29.28. 1,209,281 shares of the company traded hands, compared to its average volume of 1,331,373. The company's 50-day moving average is $30.24 and its 200 day moving average is $28.20. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $4.44 billion, a PE ratio of 7.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.02. Radian Group Inc. has a 52 week low of $22.93 and a 52 week high of $33.69.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The company had revenue of $328.64 million for the quarter, compared to the consensus estimate of $319.04 million. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts expect that Radian Group Inc. will post 3.27 EPS for the current year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a $0.245 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.98 annualized dividend and a dividend yield of 3.35%. This is a positive change from Radian Group's previous quarterly dividend of $0.23. Radian Group's payout ratio is presently 25.93%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $35.00 price target (down previously from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Radian Group has a consensus rating of "Hold" and a consensus target price of $30.00.

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.