Ameriprise Financial Inc. Sells 81,420 Shares of Radian Group Inc. (NYSE:RDN)

Ameriprise Financial Inc. lowered its stake in shares of Radian Group Inc. (NYSE:RDN) by 5.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,490,251 shares of the insurance provider’s stock after selling 81,420 shares during the period. Ameriprise Financial Inc.’s holdings in Radian Group were worth $47,271,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. First Trust Advisors LP lifted its holdings in Radian Group by 20.6% during the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider’s stock worth $341,505,000 after buying an additional 1,836,020 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Radian Group by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock worth $193,307,000 after buying an additional 248,423 shares during the period. American Century Companies Inc. lifted its holdings in shares of Radian Group by 7.9% during the 4th quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock valued at $106,305,000 after purchasing an additional 245,303 shares during the last quarter. Norges Bank purchased a new stake in shares of Radian Group during the 4th quarter valued at $73,693,000. Finally, River Road Asset Management LLC lifted its holdings in shares of Radian Group by 0.3% during the 4th quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider’s stock valued at $52,160,000 after purchasing an additional 5,524 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

RDN has been the subject of several analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $38.00 price objective (up previously from $37.00) on shares of Radian Group in a report on Friday, May 2nd. UBS Group increased their price objective on Radian Group from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.80.

Radian Group Stock Performance

Shares of RDN stock opened at $33.58 on Monday. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. 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 business has a fifty day moving average of $32.16 and a 200 day moving average of $32.89. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $37.86.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. As a group, research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were paid a $0.255 dividend. This is a positive change 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 3.04%. Radian Group’s dividend payout ratio (DPR) is 25.95%.

Insider Buying and Selling

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the 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 sale, the director now directly owns 344 shares of the company’s stock, valued at approximately $11,231.60. This trade represents a 92.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.01% of the stock is currently owned by company insiders.

Radian Group 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.