Sequoia Financial Advisors LLC Invests $343,000 in Radian Group Inc. (NYSE:RDN)

Sequoia Financial Advisors LLC bought a new position in Radian Group Inc. (NYSE:RDN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,009 shares of the insurance provider’s stock, valued at approximately $343,000.

Several other large investors have also recently modified their holdings of RDN. Raymond James & Associates increased its stake in shares of Radian Group by 14.8% in the first quarter. Raymond James & Associates now owns 18,972 shares of the insurance provider’s stock worth $421,000 after purchasing an additional 2,445 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Radian Group by 2.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 56,712 shares of the insurance provider’s stock valued at $1,260,000 after acquiring an additional 1,548 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Radian Group by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 1,488,800 shares of the insurance provider’s stock valued at $33,067,000 after acquiring an additional 6,479 shares in the last quarter. MetLife Investment Management LLC grew its stake in Radian Group by 57.0% during the first quarter. MetLife Investment Management LLC now owns 94,871 shares of the insurance provider’s stock valued at $2,107,000 after acquiring an additional 34,432 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Radian Group by 854.0% during the first quarter. Great West Life Assurance Co. Can now owns 96,124 shares of the insurance provider’s stock valued at $2,271,000 after acquiring an additional 86,048 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $35.00 price objective (down previously from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Radian Group Trading Down 0.2 %

Shares of Radian Group stock opened at $29.28 on Friday. Radian Group Inc. has a 1 year low of $22.93 and a 1 year high of $33.69. The firm has a market cap of $4.44 billion, a PE ratio of 7.75, a PEG ratio of 1.81 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 1.65. The company has a 50 day simple moving average of $30.24 and a two-hundred day simple moving average of $28.20.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The business had revenue of $328.64 million during the quarter, compared to analyst estimates of $319.04 million. During the same period in the previous year, the business posted $1.05 earnings per share. Radian Group’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Radian Group Inc. will post 3.27 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a yield of 3.35%. Radian Group’s payout ratio is presently 25.93%.

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.