Voya Investment Management LLC Sells 4,287 Shares of Radian Group Inc. (NYSE:RDN)

Voya Investment Management LLC lowered its position in shares of Radian Group Inc. (NYSE:RDN) by 5.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,445 shares of the insurance provider’s stock after selling 4,287 shares during the quarter. Voya Investment Management LLC’s holdings in Radian Group were worth $2,330,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Trust Advisors LP raised its stake in Radian Group by 20.6% in the 4th quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider’s stock worth $341,505,000 after purchasing an additional 1,836,020 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $193,307,000 after buying an additional 248,423 shares during the period. American Century Companies Inc. grew its position in Radian Group by 7.9% during the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock worth $106,305,000 after buying an additional 245,303 shares in the last quarter. Norges Bank bought a new position in Radian Group during the 4th quarter worth $73,693,000. Finally, River Road Asset Management LLC raised its holdings in Radian Group by 0.3% in the 4th quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider’s stock valued at $52,160,000 after acquiring an additional 5,524 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

RDN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $38.00 price target (up previously from $37.00) on shares of Radian Group in a research report on Friday. UBS Group boosted their target price on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.40.

Radian Group Stock Performance

NYSE:RDN opened at $33.85 on Friday. Radian Group Inc. has a twelve month low of $29.32 and a twelve month high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The stock’s 50-day simple moving average is $32.05 and its 200 day simple moving average is $32.93. The firm has a market capitalization of $4.78 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. On average, analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a dividend yield of 3.01%. Radian Group’s dividend payout ratio is 25.95%.

Insider Activity

In related news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the sale, the director now owns 344 shares in the company, valued at $11,231.60. The trade was a 92.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.16% of the stock is owned by corporate insiders.

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.