Radian Group Inc. (NYSE:RDN) Position Raised by LPL Financial LLC

LPL Financial LLC grew its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 177.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,320 shares of the insurance provider's stock after buying an additional 17,477 shares during the quarter. LPL Financial LLC's holdings in Radian Group were worth $867,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Picton Mahoney Asset Management boosted its position in Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares during the period. V Square Quantitative Management LLC boosted its position 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 buying an additional 485 shares during the period. Smartleaf Asset Management LLC boosted 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 worth $75,000 after buying an additional 1,320 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after buying an additional 2,119 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Radian Group by 21.1% in the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after buying an additional 528 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RDN shares. UBS Group upped their price target on Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their target price on shares of Radian Group from $40.00 to $37.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $36.20.

Insider Buying and Selling at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the transaction, the director now directly owns 344 shares of the company's stock, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.16% of the stock is currently owned by insiders.

Radian Group Stock Down 1.6 %

RDN stock traded down $0.50 during midday trading on Friday, hitting $31.41. 720,774 shares of the company's stock were exchanged, compared to its average volume of 1,195,764. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75. 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 firm has a 50 day moving average price of $32.08 and a 200-day moving average price of $33.03. 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 posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors 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. This represents a $1.02 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group's 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.