Radian Group Inc. (NYSE:RDN) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 49.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,829 shares of the insurance provider's stock after selling 92,101 shares during the quarter. Wells Fargo & Company MN owned 0.06% of Radian Group worth $2,976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its stake in Radian Group by 54.3% during the fourth 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 last quarter. V Square Quantitative Management LLC raised its position in Radian Group by 61.5% during 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. Smartleaf Asset Management LLC lifted its stake in shares of Radian Group by 124.8% in 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 during the period. Jones Financial Companies Lllp lifted its stake in shares of Radian Group by 735.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after acquiring an additional 2,119 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock worth $105,000 after acquiring an additional 528 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Trading Up 0.1 %

RDN stock traded up $0.02 during midday trading on Tuesday, reaching $31.54. 1,589,050 shares of the company's stock traded hands, compared to its average volume of 1,202,072. The company has a market capitalization of $4.45 billion, a P/E ratio of 8.03, a PEG ratio of 1.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. Radian Group Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $37.86. The business has a 50-day moving average price of $32.03 and a two-hundred day moving average price of $32.98.

Radian Group (NYSE:RDN - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, beating 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 EPS for the current fiscal year.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were paid a dividend of $0.255 per share. The ex-dividend date was Monday, February 24th. This is an increase from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a dividend yield of 3.23%. Radian Group's dividend payout ratio (DPR) is currently 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 dated 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 directly 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 filing with the Securities & Exchange Commission, which is available through this link. 2.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RDN has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. 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 report 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, the company has a consensus rating of "Hold" and an average price target of $36.20.

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.