Public Employees Retirement System of Ohio Has $217,000 Holdings in Radian Group Inc. $RDN

Public Employees Retirement System of Ohio lessened its stake in Radian Group Inc. (NYSE:RDN) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,038 shares of the insurance provider’s stock after selling 319 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Radian Group were worth $217,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its holdings in Radian Group by 14.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after purchasing an additional 357 shares during the last quarter. AlphaQuest LLC lifted its holdings in Radian Group by 3.1% during the 1st quarter. AlphaQuest LLC now owns 15,904 shares of the insurance provider’s stock valued at $526,000 after purchasing an additional 476 shares during the last quarter. Xponance Inc. lifted its holdings in Radian Group by 5.0% during the 1st quarter. Xponance Inc. now owns 11,379 shares of the insurance provider’s stock valued at $376,000 after purchasing an additional 538 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Radian Group by 1.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 58,313 shares of the insurance provider’s stock valued at $2,100,000 after purchasing an additional 554 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 572 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Transactions at Radian Group

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of Radian Group stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the transaction, the executive vice president owned 153,708 shares in the company, valued at $5,687,196. The trade was a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Stock Down 0.2%

Shares of NYSE RDN opened at $34.78 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $38.84. The stock has a market capitalization of $4.71 billion, a P/E ratio of 8.76 and a beta of 0.73. The stock’s fifty day moving average is $34.92 and its 200 day moving average is $34.08.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The company had revenue of $318.00 million for the quarter, compared to analysts’ expectations of $321.97 million. During the same quarter last year, the business earned $0.98 earnings per share. Radian Group’s revenue was down .9% on a year-over-year basis. Sell-side analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, August 25th. Radian Group’s payout ratio is currently 25.69%.

Wall Street Analyst Weigh In

RDN has been the subject of several research reports. Barclays raised their price target on Radian Group from $35.00 to $37.00 and gave the company a “cautious” rating in a report on Monday. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a report on Saturday, September 27th. Zacks Research raised Radian Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. UBS Group reaffirmed a “neutral” rating and set a $38.00 price target (up previously from $36.00) on shares of Radian Group in a report on Monday, July 14th. Finally, Keefe, Bruyette & Woods downgraded Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 target price for the company. in a report on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.50.

About Radian Group

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.