Macquarie Group Ltd. Lowers Stock Holdings in Radian Group Inc. (NYSE:RDN)

Macquarie Group Ltd. decreased its position in shares of Radian Group Inc. (NYSE:RDN – Get Rating) by 5.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,622 shares of the insurance provider’s stock after selling 4,514 shares during the quarter. Macquarie Group Ltd.’s holdings in Radian Group were worth $1,469,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Wipfli Financial Advisors LLC bought a new stake in Radian Group in the 3rd quarter valued at $58,000. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Radian Group by 35.1% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 451,410 shares of the insurance provider’s stock valued at $8,870,000 after buying an additional 117,360 shares during the period. Northern Trust Corp boosted its position in Radian Group by 17.2% in the 2nd quarter. Northern Trust Corp now owns 2,612,443 shares of the insurance provider’s stock valued at $51,335,000 after buying an additional 382,793 shares during the period. Quantbot Technologies LP boosted its position in Radian Group by 134.2% in the 3rd quarter. Quantbot Technologies LP now owns 35,595 shares of the insurance provider’s stock valued at $686,000 after buying an additional 20,399 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in Radian Group by 46.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,871,920 shares of the insurance provider’s stock valued at $36,783,000 after buying an additional 594,520 shares during the period. Hedge funds and other institutional investors own 94.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays cut shares of Radian Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $24.00 to $21.00 in a research 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 target for the company in a research report on Thursday, December 15th. Royal Bank of Canada upped their price target on shares of Radian Group from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, February 10th. Roth Capital reaffirmed a “buy” rating on shares of Radian Group in a research report on Thursday, February 9th. Finally, BTIG Research cut shares of Radian Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 6th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Radian Group presently has a consensus rating of “Hold” and an average price target of $23.71.

Radian Group Trading Down 3.3 %

Shares of Radian Group stock opened at $21.18 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. Radian Group Inc. has a 12-month low of $17.83 and a 12-month high of $23.91. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 4.85, a PEG ratio of 1.42 and a beta of 1.16. The firm’s 50 day simple moving average is $21.27 and its two-hundred day simple moving average is $20.32.

Radian Group (NYSE:RDN – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.18. Radian Group had a net margin of 62.39% and a return on equity of 22.58%. The business had revenue of $314.72 million for the quarter, compared to analyst estimates of $312.63 million. During the same quarter in the prior year, the business posted $1.07 EPS. Radian Group’s revenue for the quarter was down 7.0% compared to the same quarter last year. Analysts predict that Radian Group Inc. will post 3.08 EPS for the current year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, February 27th will be paid a dividend of $0.225 per share. This is a positive change from Radian Group’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, February 24th. This represents a $0.90 dividend on an annualized basis and a yield of 4.25%. Radian Group’s dividend payout ratio is presently 20.60%.

Insider Buying and Selling at Radian Group

In other news, insider Derek Brummer sold 13,130 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $21.57, for a total value of $283,214.10. Following the sale, the insider now owns 208,990 shares in the company, valued at $4,507,914.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Derek Brummer sold 13,130 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $21.57, for a total value of $283,214.10. Following the sale, the insider now owns 208,990 shares in the company, valued at $4,507,914.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Edward J. Hoffman sold 9,990 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $21.61, for a total transaction of $215,883.90. Following the sale, the executive vice president now directly owns 118,534 shares in the company, valued at $2,561,519.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,120 shares of company stock worth $1,320,888. 1.42% of the stock is owned by corporate insiders.

Radian Group Company Profile

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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.