Oregon Public Employees Retirement Fund Sells 400 Shares of Radian Group Inc. (NYSE:RDN)

Oregon Public Employees Retirement Fund lessened its stake in shares of Radian Group Inc. (NYSE:RDN) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,006 shares of the insurance provider’s stock after selling 400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Radian Group were worth $1,110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RDN. Vest Financial LLC increased its holdings in Radian Group by 35.4% during the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock valued at $34,640,000 after purchasing an additional 285,481 shares in the last quarter. Barclays PLC increased its holdings in Radian Group by 218.0% during the 3rd quarter. Barclays PLC now owns 284,463 shares of the insurance provider’s stock valued at $9,868,000 after purchasing an additional 194,996 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Radian Group by 23.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,020,912 shares of the insurance provider’s stock valued at $32,383,000 after purchasing an additional 192,854 shares in the last quarter. State Street Corp increased its holdings in Radian Group by 2.7% during the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after purchasing an additional 177,142 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Radian Group by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after purchasing an additional 121,166 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Stock Up 0.3 %

NYSE RDN opened at $32.84 on Friday. The stock has a fifty day moving average of $32.65 and a 200-day moving average of $33.90. The stock has a market capitalization of $4.76 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06. Radian Group Inc. has a 52 week low of $28.70 and a 52 week high of $37.86. 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 (NYSE:RDN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS 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%. On average, equities research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, February 24th will be paid a dividend of $0.255 per share. The ex-dividend date is Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.11%. Radian Group’s payout ratio is 25.95%.

Insider Buying and Selling

In related news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group raised their price target on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods lowered their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Radian Group presently has a consensus rating of “Hold” and an average price target of $36.80.

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.