Radian Group Inc. (NYSE:RDN) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Radian Group Inc. (NYSE:RDN) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,546 shares of the insurance provider’s stock after selling 5,682 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Radian Group were worth $715,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Picton Mahoney Asset Management raised its position in shares of 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 period. MML Investors Services LLC increased its stake in Radian Group by 4.5% in the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 364 shares in the last quarter. CX Institutional raised its holdings in Radian Group by 5.8% during the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock worth $261,000 after buying an additional 451 shares during the period. V Square Quantitative Management LLC lifted its stake in Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after buying an additional 485 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Radian Group by 21.1% in the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after buying an additional 528 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. UBS Group boosted their target price 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Radian Group has an average rating of “Hold” and an average target price of $36.80.

Radian Group Price Performance

NYSE RDN opened at $33.86 on Wednesday. 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 $4.91 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a 50 day simple moving average of $32.72 and a 200-day simple moving average of $33.42. Radian Group Inc. has a 52-week low of $29.17 and a 52-week high of $37.86.

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, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Equities research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were given a dividend of $0.255 per share. This is a boost from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.01%. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

Insider Buying and Selling at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction dated Friday, February 28th. The stock was 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 directly owns 344 shares in the company, valued at $11,231.60. The trade was a 92.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.16% of the company’s stock.

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.