US Bancorp DE Sells 1,201 Shares of Radian Group Inc. (NYSE:RDN)

US Bancorp DE trimmed its position in shares of Radian Group Inc. (NYSE:RDN) by 18.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,478 shares of the insurance provider’s stock after selling 1,201 shares during the period. US Bancorp DE’s holdings in Radian Group were worth $121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in Radian Group by 202.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,295,712 shares of the insurance provider’s stock valued at $64,760,000 after acquiring an additional 2,204,335 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Radian Group by 61.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,994,265 shares of the insurance provider’s stock valued at $88,713,000 after acquiring an additional 1,523,376 shares during the last quarter. Vanguard Group Inc. increased its holdings in Radian Group by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 18,357,109 shares of the insurance provider’s stock valued at $407,712,000 after acquiring an additional 1,443,144 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Radian Group by 49.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,119,242 shares of the insurance provider’s stock valued at $78,554,000 after acquiring an additional 1,357,430 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Radian Group by 148.5% in the 4th quarter. Millennium Management LLC now owns 1,528,867 shares of the insurance provider’s stock valued at $29,155,000 after acquiring an additional 913,575 shares during the last quarter. 96.17% of the stock is currently owned by institutional investors.

Radian Group Price Performance

RDN stock opened at $27.04 on Thursday. Radian Group Inc. has a 12 month low of $17.83 and a 12 month high of $28.26. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $26.39 and a 200 day moving average price of $24.47. The stock has a market cap of $4.26 billion, a PE ratio of 6.60, a P/E/G ratio of 1.56 and a beta of 1.09.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. Radian Group had a net margin of 54.83% and a return on equity of 17.30%. The firm had revenue of $278.85 million during the quarter, compared to analysts’ expectations of $289.10 million. Equities research analysts anticipate that Radian Group Inc. will post 3.47 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be given a $0.225 dividend. The ex-dividend date is Friday, August 18th. This represents a $0.90 annualized dividend and a yield of 3.33%. Radian Group’s dividend payout ratio (DPR) is 21.95%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Radian Group in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Bank of America cut shares of Radian Group from a “buy” rating to an “underperform” rating in a research note on Tuesday, May 9th. Keefe, Bruyette & Woods cut shares of Radian Group from an “outperform” rating to a “market perform” rating and set a $27.50 price objective for the company. in a research note on Monday, June 12th. Finally, Royal Bank of Canada lifted their price objective on shares of Radian Group from $26.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Radian Group currently has an average rating of “Hold” and an average target price of $25.67.

Insider Buying and Selling at Radian Group

In other Radian Group news, EVP Edward J. Hoffman sold 30,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $25.98, for a total value of $779,400.00. Following the completion of the sale, the executive vice president now directly owns 124,784 shares of the company’s stock, valued at approximately $3,241,888.32. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Gregory Serio sold 3,800 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $26.82, for a total value of $101,916.00. Following the completion of the sale, the director now owns 8,221 shares in the company, valued at approximately $220,487.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Edward J. Hoffman sold 30,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $25.98, for a total transaction of $779,400.00. Following the completion of the sale, the executive vice president now owns 124,784 shares of the company’s stock, valued at approximately $3,241,888.32. The disclosure for this sale can be found here. Insiders sold a total of 34,455 shares of company stock valued at $899,342 in the last three months. Company insiders own 1.58% of the company’s stock.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. The company operates through Mortgage and Homegenius segments. The 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 solutions.