Radian Group Inc. (NYSE:RDN) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 49.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,656 shares of the insurance provider's stock after selling 221,715 shares during the period. Sterling Capital Management LLC owned about 0.15% of Radian Group worth $7,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Picton Mahoney Asset Management grew its stake in Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 342 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of Radian Group by 61.5% in the 4th 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 last quarter. Covestor Ltd raised its stake in shares of Radian Group by 35.6% during the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock worth $43,000 after acquiring an additional 355 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock worth $75,000 after acquiring an additional 1,320 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in 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 acquiring an additional 2,119 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Insider Activity

In related news, Director Gregory Serio sold 4,100 shares of Radian Group 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 completion of the transaction, the director now owns 344 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.16% of the company's stock.

Radian Group Price Performance

Shares of RDN stock traded up $0.42 on Thursday, reaching $31.80. 377,284 shares of the company were exchanged, compared to its average volume of 1,179,028. 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 1 year low of $29.17 and a 1 year high of $37.86. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 1.73 and a beta of 0.75. The business has a 50-day moving average price of $32.22 and a 200 day moving average price of $33.17.

Radian Group (NYSE:RDN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Equities research analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were given a $0.255 dividend. This is a positive change from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.21%. Radian Group's payout ratio is presently 25.95%.

Wall Street Analyst Weigh In

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

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.