Sterling Capital Management LLC Lowers Position in Radian Group Inc. (NYSE:RDN)

Sterling Capital Management LLC trimmed its holdings in shares of Radian Group Inc. (NYSE:RDN) by 49.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 226,656 shares of the insurance provider’s stock after selling 221,715 shares during the quarter. Sterling Capital Management LLC’s holdings in Radian Group were worth $7,190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Picton Mahoney Asset Management increased 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 valued at $31,000 after acquiring an additional 342 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Radian Group by 35.6% in the 4th quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 355 shares during the last quarter. MML Investors Services LLC boosted its position in shares of Radian Group by 4.5% during 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 during the period. CX Institutional increased its holdings in Radian Group by 5.8% in the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 451 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 485 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction on Friday, February 28th. The shares were 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 of the company’s stock, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.16% of the stock is currently owned by company insiders.

Radian Group Stock Up 2.6 %

Shares of NYSE RDN opened at $32.38 on Friday. The stock has a market cap of $4.57 billion, a P/E ratio of 8.24, a PEG ratio of 1.73 and a beta of 0.75. The business’s fifty day simple moving average is $32.31 and its 200-day simple moving average is $33.21. Radian Group Inc. has a 12-month low of $29.17 and a 12-month high of $37.86. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50.

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, beating analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, equities analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal 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 paid a $0.255 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.15%. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s payout ratio is currently 25.95%.

Wall Street Analysts Forecast Growth

RDN has been the subject of a number of research reports. Keefe, Bruyette & Woods dropped their price objective on Radian Group from $40.00 to $37.00 and set an “outperform” rating for the company in a research note on Tuesday. UBS Group lifted their target price on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. 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 currently has an average rating of “Hold” and a consensus price target of $36.20.

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.