Shell Asset Management Co. Has $709,000 Stock Holdings in Radian Group Inc. (NYSE:RDN)

Shell Asset Management Co. cut its stake in Radian Group Inc. (NYSE:RDN – Get Rating) by 12.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,936 shares of the insurance provider’s stock after selling 4,728 shares during the period. Shell Asset Management Co.’s holdings in Radian Group were worth $709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in Radian Group by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,624,805 shares of the insurance provider’s stock valued at $118,852,000 after acquiring an additional 391,458 shares in the last quarter. State Street Corp raised its holdings in shares of 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 buying an additional 22,340 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 buying an additional 2,421,410 shares in the last quarter. Senvest Management LLC raised its holdings in shares of 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 buying an additional 623,461 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of 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 buying an additional 156,214 shares in the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BTIG Research lowered 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, July 18th. Finally, Keefe, Bruyette & Woods lowered Radian Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $28.00 to $27.00 in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.58.

Insider Buying and Selling at Radian Group

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $21.33, for a total transaction of $213,300.00. Following the completion of the sale, the executive vice president now owns 128,534 shares of the company’s stock, valued at approximately $2,741,630.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Noel Joseph Spiegel sold 5,980 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $21.60, for a total transaction of $129,168.00. Following the completion of the sale, the director now owns 20,008 shares of the company’s stock, valued at approximately $432,172.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Edward J. Hoffman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $21.33, for a total transaction of $213,300.00. Following the sale, the executive vice president now directly owns 128,534 shares of the company’s stock, valued at approximately $2,741,630.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,962 shares of company stock valued at $680,379. 1.42% of the stock is currently owned by company insiders.

Radian Group Trading Up 0.9 %

Shares of RDN stock opened at $22.37 on Monday. The firm has a market capitalization of $3.87 billion, a P/E ratio of 6.30, a P/E/G ratio of 1.21 and a beta of 1.21. Radian Group Inc. has a twelve month low of $17.97 and a twelve month high of $24.84. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $20.46 and its 200 day simple moving average is $21.81.

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

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Shareholders of record on Monday, May 23rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, May 20th. Radian Group’s dividend payout ratio is presently 22.54%.

Radian Group Company Profile

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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.