Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 357 Shares of Radian Group Inc. (NYSE:RDN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in Radian Group Inc. (NYSE:RDN) by 1.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,795 shares of the insurance provider’s stock after selling 357 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Radian Group were worth $1,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB raised its holdings in Radian Group by 11.2% during the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock valued at $6,233,000 after buying an additional 19,730 shares during the period. Centiva Capital LP purchased a new stake in shares of Radian Group in the third quarter valued at $512,000. Principal Financial Group Inc. lifted its holdings in shares of Radian Group by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock worth $22,915,000 after acquiring an additional 13,202 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Radian Group by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider’s stock worth $16,205,000 after purchasing an additional 25,500 shares during the period. Finally, EMC Capital Management grew its holdings in Radian Group by 300.8% during the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock valued at $584,000 after purchasing an additional 13,810 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Transactions at Radian Group

In related 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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.16% of the company’s stock.

Radian Group Trading Up 1.4 %

Shares of RDN opened at $33.18 on Thursday. 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 $4.81 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 1.73 and a beta of 1.04. The company has a 50-day moving average of $32.70 and a 200 day moving average of $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 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, research analysts expect that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.07%. 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. Radian Group’s dividend payout ratio is currently 25.95%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. UBS Group raised their price objective on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.80.

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.