Caxton Associates LP Sells 20,960 Shares of Radian Group Inc. (NYSE:RDN)

Caxton Associates LP cut its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 42.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,931 shares of the insurance provider's stock after selling 20,960 shares during the quarter. Caxton Associates LP's holdings in Radian Group were worth $918,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of Radian Group by 11.2% in the fourth quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider's stock valued at $6,233,000 after buying an additional 19,730 shares during the period. Principal Financial Group Inc. boosted its stake in Radian Group by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock worth $22,915,000 after acquiring an additional 13,202 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Radian Group by 5.3% in the fourth quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider's stock worth $16,205,000 after purchasing an additional 25,500 shares in the last quarter. EMC Capital Management lifted its position in shares of Radian Group by 300.8% in the fourth quarter. EMC Capital Management now owns 18,401 shares of the insurance provider's stock valued at $584,000 after buying an additional 13,810 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Radian Group during the 4th quarter worth $4,872,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Trading Down 0.9 %

Shares of RDN stock traded down $0.31 during mid-day trading on Friday, reaching $33.58. The company's stock had a trading volume of 961,676 shares, compared to its average volume of 1,213,296. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $37.86. The firm has a market capitalization of $4.51 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The company's 50 day simple moving average is $32.16 and its 200-day simple moving average is $32.91.

Radian Group (NYSE:RDN - Get Free Report) last announced 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 company had revenue of $318.11 million for the quarter, compared to analyst estimates of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Radian Group's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. On average, research analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid 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 3.04%. The ex-dividend date was Monday, February 24th. Radian Group's payout ratio is presently 25.95%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RDN shares. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $38.00 price target (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. UBS Group lifted their target price on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $36.80.

Insider Buying and Selling

In other news, Director Gregory Serio sold 4,100 shares of the firm'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 completion of the sale, the director now owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.01% of the stock is currently owned by insiders.

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.