Radian Group Inc. (NYSE:RDN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in Radian Group Inc. (NYSE:RDN) by 46.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,516 shares of the insurance provider’s stock after selling 8,293 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Radian Group were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Radian Group by 42.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,084 shares of the insurance provider’s stock valued at $4,942,000 after purchasing an additional 51,852 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Radian Group by 149.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 154,958 shares of the insurance provider’s stock valued at $4,416,000 after acquiring an additional 92,938 shares during the period. International Assets Investment Management LLC lifted its position in shares of Radian Group by 923.0% during the 4th quarter. International Assets Investment Management LLC now owns 5,258 shares of the insurance provider’s stock valued at $150,000 after acquiring an additional 4,744 shares during the period. Ellsworth Advisors LLC lifted its position in shares of Radian Group by 2.4% during the 4th quarter. Ellsworth Advisors LLC now owns 15,716 shares of the insurance provider’s stock valued at $449,000 after acquiring an additional 372 shares during the period. Finally, Ritholtz Wealth Management lifted its position in shares of Radian Group by 26.5% during the 4th quarter. Ritholtz Wealth Management now owns 25,758 shares of the insurance provider’s stock valued at $735,000 after acquiring an additional 5,396 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Trading Up 0.1 %

Shares of Radian Group stock opened at $30.35 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 1.65. Radian Group Inc. has a 1 year low of $22.93 and a 1 year high of $33.69. The company has a market capitalization of $4.60 billion, a P/E ratio of 8.03, a P/E/G ratio of 1.86 and a beta of 1.02. The business has a 50 day moving average price of $30.51 and a 200 day moving average price of $28.39.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.10. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The firm had revenue of $328.64 million during the quarter, compared to the consensus estimate of $319.04 million. During the same period in the previous year, the firm posted $1.05 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Radian Group Inc. will post 3.27 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a dividend of $0.245 per share. This is an increase from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s payout ratio is currently 25.93%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $35.00 price target (down from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.00.

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.