Radian Group Inc. (NYSE:RDN) Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in shares of Radian Group Inc. (NYSE:RDNGet Rating) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,200 shares of the insurance provider’s stock after selling 500 shares during the period. Strs Ohio’s holdings in Radian Group were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Radian Group by 3.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,499 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 443 shares during the period. Nicollet Investment Management Inc. raised its holdings in shares of Radian Group by 1.6% during the second quarter. Nicollet Investment Management Inc. now owns 28,280 shares of the insurance provider’s stock worth $556,000 after purchasing an additional 459 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Radian Group by 0.3% during the second quarter. UBS Asset Management Americas Inc. now owns 232,696 shares of the insurance provider’s stock worth $4,572,000 after purchasing an additional 598 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Radian Group by 1.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 56,039 shares of the insurance provider’s stock worth $1,084,000 after purchasing an additional 639 shares during the period. Finally, Xponance Inc. raised its holdings in shares of Radian Group by 9.1% during the second quarter. Xponance Inc. now owns 10,088 shares of the insurance provider’s stock worth $198,000 after purchasing an additional 841 shares during the period. 94.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Brien Mcmahon sold 32,831 shares of the firm’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $19.50, for a total transaction of $640,204.50. Following the completion of the transaction, the executive vice president now owns 95,308 shares in the company, valued at approximately $1,858,506. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Radian Group Stock Performance

Shares of RDN opened at $21.11 on Friday. The firm has a 50-day moving average price of $19.16 and a 200 day moving average price of $20.30. The firm has a market capitalization of $3.31 billion, a PE ratio of 4.77, a P/E/G ratio of 1.25 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a 52-week low of $17.83 and a 52-week high of $24.84.

Radian Group (NYSE:RDNGet Rating) last announced its earnings results on Wednesday, November 2nd. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.46. The firm had revenue of $292.30 million during the quarter. Radian Group had a net margin of 63.74% and a return on equity of 22.71%. On average, sell-side analysts anticipate that Radian Group Inc. will post 4.71 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Monday, November 21st were given a dividend of $0.20 per share. The ex-dividend date was Friday, November 18th. This represents a $0.80 annualized dividend and a dividend yield of 3.79%. Radian Group’s dividend payout ratio (DPR) is 18.06%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BTIG Research cut shares of Radian Group from a “buy” rating to a “neutral” rating in a report on Tuesday, December 6th. Barclays cut shares of Radian Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $24.00 to $21.00 in a report on Friday, January 6th. Bank of America raised shares of Radian Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, December 15th. Credit Suisse Group dropped their price objective on shares of Radian Group to $23.50 in a report on Thursday, October 13th. Finally, Compass Point cut shares of Radian Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $28.00 to $22.50 in a report on Tuesday, November 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.67.

About Radian Group

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Radian Group, Inc is a holding company, which engages in the provision of mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage and Real Estate segments. The Mortgage segment offers credit-related insurance coverage, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.

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

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