Strs Ohio Acquires 7,300 Shares of Radian Group Inc. (NYSE:RDN)

Strs Ohio lifted its holdings in shares of Radian Group Inc. (NYSE:RDNGet Rating) by 80.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,400 shares of the insurance provider’s stock after acquiring an additional 7,300 shares during the quarter. Strs Ohio’s holdings in Radian Group were worth $364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Radian Group by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,624,805 shares of the insurance provider’s stock worth $118,852,000 after purchasing an additional 391,458 shares during the last quarter. State Street Corp lifted its holdings in Radian Group by 0.4% during the 4th quarter. State Street Corp now owns 5,589,015 shares of the insurance provider’s stock worth $118,096,000 after purchasing an additional 22,340 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Radian Group by 154.1% during the 4th quarter. JPMorgan Chase & Co. now owns 3,992,624 shares of the insurance provider’s stock worth $84,365,000 after purchasing an additional 2,421,410 shares during the last quarter. Senvest Management LLC lifted its holdings in Radian Group by 18.5% during the 4th quarter. Senvest Management LLC now owns 3,984,735 shares of the insurance provider’s stock worth $84,197,000 after purchasing an additional 623,461 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Radian Group by 4.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,888,300 shares of the insurance provider’s stock worth $82,160,000 after purchasing an additional 156,214 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RDN has been the subject of several research reports. BTIG Research dropped their price target on Radian Group from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, July 8th. StockNews.com cut Radian Group from a “buy” rating to a “hold” rating in a report on Monday. Finally, Keefe, Bruyette & Woods cut Radian Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $28.00 to $27.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.58.

Insider Activity

In other news, EVP Edward J. Hoffman sold 10,000 shares of Radian Group stock in a transaction on Friday, May 13th. The stock was sold at an average price of $20.87, for a total value of $208,700.00. Following the transaction, the executive vice president now owns 126,416 shares in the company, valued at approximately $2,638,301.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Edward J. Hoffman sold 10,000 shares of the business’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $20.87, for a total transaction of $208,700.00. Following the sale, the executive vice president now owns 126,416 shares in the company, valued at approximately $2,638,301.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Howard Bernard Culang sold 5,982 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $21.60, for a total value of $129,211.20. Following the sale, the chairman now owns 8,050 shares in the company, valued at approximately $173,880. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,962 shares of company stock worth $680,379. Insiders own 1.42% of the company’s stock.

Radian Group Price Performance

Shares of NYSE RDN opened at $20.48 on Tuesday. The stock has a market capitalization of $3.54 billion, a PE ratio of 5.77, a P/E/G ratio of 1.16 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day moving average price of $20.38 and a two-hundred day moving average price of $21.87. Radian Group Inc. has a fifty-two week low of $17.97 and a fifty-two week high of $24.84.

Radian Group (NYSE:RDNGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.26. Radian Group had a return on equity of 17.18% and a net margin of 50.71%. The company had revenue of $292.98 million for the quarter, compared to analyst estimates of $318.22 million. During the same quarter last year, the company posted $0.68 EPS. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, equities analysts predict that Radian Group Inc. will post 3.6 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 3rd. Stockholders of record on Monday, May 23rd were paid a $0.20 dividend. The ex-dividend date was Friday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 3.91%. Radian Group’s payout ratio is 22.54%.

Radian Group Company Profile

(Get Rating)

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting, and fulfillment solutions.

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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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