Louisiana State Employees Retirement System Reduces Holdings in Radian Group Inc. (NYSE:RDN)

Louisiana State Employees Retirement System decreased its position in shares of Radian Group Inc. (NYSE:RDN) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,000 shares of the insurance provider’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Radian Group were worth $2,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RDN. Exchange Traded Concepts LLC increased its stake in Radian Group by 25.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 27,600 shares of the insurance provider’s stock worth $957,000 after buying an additional 5,581 shares during the period. Ellsworth Advisors LLC increased its stake in Radian Group by 4.4% during the 3rd quarter. Ellsworth Advisors LLC now owns 18,776 shares of the insurance provider’s stock worth $651,000 after buying an additional 797 shares during the period. V Square Quantitative Management LLC purchased a new stake in Radian Group during the 3rd quarter worth $27,000. Blue Trust Inc. increased its stake in Radian Group by 352.4% during the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after buying an additional 1,949 shares during the period. Finally, Schubert & Co purchased a new stake in Radian Group during the 3rd quarter worth $615,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Price Performance

Shares of RDN stock opened at $32.74 on Friday. The firm has a market cap of $4.88 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 2.01. Radian Group Inc. has a 1-year low of $27.20 and a 1-year high of $37.86. The firm has a fifty day moving average of $32.74 and a two-hundred day moving average of $34.05.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS 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%. As a group, research analysts anticipate that Radian Group Inc. will post 3.67 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th will be issued a $0.255 dividend. The ex-dividend date is Monday, February 24th. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a dividend yield of 3.12%. Radian Group’s payout ratio is 24.94%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Radian Group presently has an average rating of “Hold” and a consensus target price of $36.30.

Insider Activity

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the transaction, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.16% of the company’s stock.

Radian Group Company 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.