Russell Investments Group Ltd. Sells 22,788 Shares of Radian Group Inc. (NYSE:RDN)

Russell Investments Group Ltd. reduced its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 19.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,426 shares of the insurance provider's stock after selling 22,788 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Radian Group worth $2,995,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. MML Investors Services LLC grew its holdings in shares of Radian Group by 4.5% during the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider's stock worth $295,000 after acquiring an additional 364 shares during the period. Barclays PLC grew its stake in Radian Group by 218.0% in the third quarter. Barclays PLC now owns 284,463 shares of the insurance provider's stock worth $9,868,000 after purchasing an additional 194,996 shares during the period. Sanctuary Advisors LLC raised its holdings in Radian Group by 11.3% in the third quarter. Sanctuary Advisors LLC now owns 20,541 shares of the insurance provider's stock worth $718,000 after purchasing an additional 2,083 shares in the last quarter. Tidal Investments LLC purchased a new position in Radian Group during the third quarter valued at $402,000. Finally, Nordea Investment Management AB grew its position in shares of Radian Group by 11.2% in the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider's stock worth $6,233,000 after buying an additional 19,730 shares during the period. Hedge funds and other institutional investors own 95.33% of the company's stock.

Analyst Ratings Changes

RDN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price objective on 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 lifted their price target on Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Three equities research 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 presently has an average rating of "Hold" and an average price target of $36.20.

Insider Activity

In related news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now owns 344 shares of the company's stock, valued at $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.16% of the company's stock.

Radian Group Stock Performance

Shares of NYSE:RDN traded up $0.56 during midday trading on Wednesday, reaching $32.19. 88,622 shares of the company's stock traded hands, compared to its average volume of 1,786,276. 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 one year low of $29.77 and a one year high of $37.86. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 1.73 and a beta of 0.75. The stock has a 50 day moving average of $32.14 and a 200 day moving average of $33.08.

Radian Group (NYSE:RDN - Get Free Report) last posted its 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%. As a group, equities research analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.17%. Radian Group's payout ratio is currently 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.