Raymond James Financial Inc. Purchases Shares of 153,595 Radian Group Inc. (NYSE:RDN)

Raymond James Financial Inc. acquired a new position in Radian Group Inc. (NYSE:RDN) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 153,595 shares of the insurance provider’s stock, valued at approximately $4,872,000.

Other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in Radian Group by 2.7% in the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after buying an additional 177,142 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Radian Group by 4.2% in 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 acquiring an additional 248,423 shares during the last quarter. FMR LLC increased its position in Radian Group by 0.4% during the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock worth $124,476,000 after acquiring an additional 12,834 shares during the period. Vest Financial LLC raised its stake in Radian Group by 35.4% during the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock valued at $34,640,000 after purchasing an additional 285,481 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Radian Group by 23.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,020,912 shares of the insurance provider’s stock valued at $32,383,000 after purchasing an additional 192,854 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Radian Group Stock Up 0.6 %

Shares of NYSE RDN opened at $32.69 on Wednesday. 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 firm has a market capitalization of $4.74 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The firm’s 50-day moving average is $32.69 and its 200-day moving average is $33.46. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86.

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

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.12%. This is an increase from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RDN shares. UBS Group increased 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. Keefe, Bruyette & Woods lowered their target price 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.80.

Insider Buying and Selling

In other Radian Group 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 transaction, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.16% of the stock is owned by 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.