Voya Investment Management LLC Has $2.33 Million Holdings in Radian Group Inc. (NYSE:RDN)

Voya Investment Management LLC decreased its position in shares of Radian Group Inc. (NYSE:RDN) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RDN. Picton Mahoney Asset Management raised its stake in Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after buying an additional 342 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 485 shares during the period. Covestor Ltd raised its position 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 in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Radian Group by 124.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock valued at $75,000 after purchasing an additional 1,320 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Radian Group by 735.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 2,119 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Price Performance

Shares of 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 stock’s 50 day moving average is $32.05 and its 200-day moving average is $32.93. 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 firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.73 and a beta of 0.75.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm 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 business’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. Sell-side analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on RDN. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $38.00 target price (up from $37.00) on shares of Radian Group in a 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Radian Group has an average rating of “Hold” and an average price target of $36.40.

Insider Transactions at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the stock in a transaction dated Friday, February 28th. The shares were 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 owns 344 shares in the company, valued at $11,231.60. This represents a 92.26 % decrease in their ownership of the stock. The sale 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 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.