Picton Mahoney Asset Management Increases Stake in Radian Group Inc. (NYSE:RDN)

Picton Mahoney Asset Management increased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 54.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 972 shares of the insurance provider’s stock after buying an additional 342 shares during the period. Picton Mahoney Asset Management’s holdings in Radian Group were worth $31,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RDN. V Square Quantitative Management LLC increased its stake 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 period. Smartleaf Asset Management LLC increased its position 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 valued at $75,000 after purchasing an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp increased its position 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 valued at $76,000 after purchasing an additional 2,119 shares during the last quarter. Blue Trust Inc. increased its position 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 valued at $105,000 after purchasing an additional 528 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Radian Group by 19.0% in the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 716 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RDN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. UBS Group increased their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $36.80.

Radian Group Trading Up 0.0 %

Shares of Radian Group stock opened at $31.52 on Tuesday. The company has a fifty day simple moving average of $32.62 and a 200-day simple moving average of $33.62. Radian Group Inc. has a 12-month low of $29.17 and a 12-month high of $37.86. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 1.73 and a beta of 1.04.

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

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were paid a dividend of $0.255 per share. The ex-dividend date was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.24%. This is a boost from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is currently 25.95%.

Insider Buying and Selling

In related news, Director Gregory Serio sold 4,100 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the sale, the director now owns 344 shares in the company, valued at $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.16% of the stock is owned by company insiders.

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.