Mutual of America Capital Management LLC Has $622,000 Stock Holdings in Radian Group Inc. $RDN

Mutual of America Capital Management LLC decreased its position in Radian Group Inc. (NYSE:RDN) by 18.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,257 shares of the insurance provider’s stock after selling 3,867 shares during the period. Mutual of America Capital Management LLC’s holdings in Radian Group were worth $622,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in Radian Group by 14.8% in the first 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 in the last quarter. AlphaQuest LLC boosted its stake in shares of Radian Group by 3.1% during the 1st quarter. AlphaQuest LLC now owns 15,904 shares of the insurance provider’s stock worth $526,000 after buying an additional 476 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Radian Group by 0.3% in the 2nd quarter. Nordea Investment Management AB now owns 199,681 shares of the insurance provider’s stock valued at $7,153,000 after acquiring an additional 533 shares in the last quarter. Xponance Inc. raised its holdings in Radian Group by 5.0% during the first quarter. Xponance Inc. now owns 11,379 shares of the insurance provider’s stock worth $376,000 after acquiring an additional 538 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Radian Group by 1.0% during the second 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. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Activity at Radian Group

In related news, EVP Edward J. Hoffman sold 10,000 shares of the business’s 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 completion of the transaction, the executive vice president owned 153,708 shares of the company’s stock, valued at $5,687,196. The trade was a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.16% of the company’s stock.

Radian Group Stock Performance

Shares of NYSE:RDN opened at $33.59 on Tuesday. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $38.84. The company’s 50 day moving average price is $34.90 and its two-hundred day moving average price is $34.22. The firm has a market cap of $4.55 billion, a PE ratio of 8.46 and a beta of 0.73. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.54.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The business had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $321.97 million. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, August 25th. Radian Group’s dividend payout ratio is 25.69%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RDN. UBS Group lowered their price target on Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Keefe, Bruyette & Woods lowered Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 target price on the stock. in a report on Monday, July 7th. 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, October 6th. Finally, Weiss Ratings downgraded shares of Radian Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.00.

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.