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

Skba Capital Management LLC decreased its stake in shares of Radian Group Inc. (NYSE:RDN) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 381,200 shares of the insurance provider’s stock after selling 13,800 shares during the period. Radian Group makes up 1.9% of Skba Capital Management LLC’s portfolio, making the stock its 19th biggest position. Skba Capital Management LLC owned about 0.26% of Radian Group worth $12,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schroder Investment Management Group lifted its position in Radian Group by 1.2% in the fourth quarter. Schroder Investment Management Group now owns 534,940 shares of the insurance provider’s stock worth $16,974,000 after purchasing an additional 6,426 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Radian Group by 1.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,952 shares of the insurance provider’s stock worth $20,775,000 after acquiring an additional 10,409 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Radian Group by 27.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 23,745 shares of the insurance provider’s stock valued at $753,000 after purchasing an additional 5,063 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Radian Group in the 4th quarter worth approximately $478,000. Finally, Norges Bank bought a new stake in shares of Radian Group in the 4th quarter worth approximately $73,693,000. 95.33% of the stock is currently owned by institutional investors.

Insider Transactions at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the company’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 transaction, the director now owns 344 shares in the company, valued at approximately $11,231.60. This represents a 92.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.16% of the stock is owned by insiders.

Radian Group Stock Down 1.9 %

RDN stock opened at $32.83 on Monday. The company’s 50 day simple moving average is $32.70 and its 200-day simple moving average is $33.43. Radian Group Inc. has a 52-week low of $29.17 and a 52-week high of $37.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The firm has a market capitalization of $4.76 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, equities research analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm 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. This represents a $1.02 annualized dividend and a yield of 3.11%. The ex-dividend date was Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s payout ratio is 25.95%.

Wall Street Analysts Forecast Growth

RDN has been the topic of several recent research reports. UBS Group lifted their price target 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. Keefe, Bruyette & Woods cut their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. 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.com, the stock currently has a consensus rating of “Hold” and a consensus 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.