Raymond James Financial Inc. Takes $4.87 Million Position in Radian Group Inc. (NYSE:RDN)

Raymond James Financial Inc. bought 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 filing with the Securities & Exchange Commission. The fund bought 153,595 shares of the insurance provider's stock, valued at approximately $4,872,000. Raymond James Financial Inc. owned about 0.10% of Radian Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of RDN. Nordea Investment Management AB raised its stake in Radian Group by 11.2% during the fourth quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider's stock worth $6,233,000 after acquiring an additional 19,730 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Radian Group by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider's stock worth $22,915,000 after purchasing an additional 13,202 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings 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 worth $16,205,000 after purchasing an additional 25,500 shares during the last quarter. EMC Capital Management grew its stake in Radian Group by 300.8% during the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider's stock worth $584,000 after buying an additional 13,810 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Radian Group in the fourth quarter worth $478,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Radian Group from $40.00 to $37.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. UBS Group upped their target price on shares of Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Radian Group has a consensus rating of "Hold" and a consensus price target of $36.20.

Radian Group Price Performance

RDN stock traded up $0.30 during trading on Thursday, hitting $32.24. The company had a trading volume of 377,551 shares, compared to its average volume of 1,203,945. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 8.21, a P/E/G 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 business has a 50 day moving average of $32.01 and a 200 day moving average of $32.97. Radian Group Inc. has a fifty-two week low of $29.14 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. The company had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS. As a group, research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.16%. Radian Group's dividend payout ratio is 25.95%.

Insider Activity at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the business'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 value of $133,865.00. Following the sale, the director now directly owns 344 shares in the company, valued at $11,231.60. The trade was a 92.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.16% of the company's stock.

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.