Nisa Investment Advisors LLC Sells 800 Shares of Radian Group Inc. (NYSE:RDN)

Nisa Investment Advisors LLC lessened its holdings in shares of Radian Group Inc. (NYSE:RDN) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,465 shares of the insurance provider’s stock after selling 800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Radian Group were worth $327,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Point72 Middle East FZE bought a new stake in shares of Radian Group during the fourth quarter worth about $37,000. Ensign Peak Advisors Inc bought a new stake in Radian Group during the 3rd quarter worth approximately $73,000. Lazard Asset Management LLC raised its stake in shares of Radian Group by 194.7% in the fourth quarter. Lazard Asset Management LLC now owns 4,285 shares of the insurance provider’s stock worth $81,000 after purchasing an additional 2,831 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Radian Group by 49.8% in the second quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 1,476 shares in the last quarter. Finally, Comerica Bank purchased a new position in shares of Radian Group during the second quarter valued at approximately $99,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $35.00 price target (down from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.00.

Radian Group Price Performance

Radian Group stock opened at $29.28 on Friday. Radian Group Inc. has a 52 week low of $22.93 and a 52 week high of $33.69. The company’s 50 day moving average price is $30.24 and its two-hundred day moving average price is $28.20. The stock has a market cap of $4.44 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.81 and a beta of 1.02. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.35.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. The business had revenue of $328.64 million for the quarter, compared to analysts’ expectations of $319.04 million. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. On average, equities analysts predict that Radian Group Inc. will post 3.27 earnings per share for the current year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.98 annualized dividend and a yield of 3.35%. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. Radian Group’s dividend payout ratio is presently 25.93%.

Radian Group Company 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.