Radian Group Inc. $RDN Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its holdings in shares of Radian Group Inc. (NYSE:RDN) by 71.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,260 shares of the insurance provider’s stock after selling 23,651 shares during the quarter. QRG Capital Management Inc.’s holdings in Radian Group were worth $335,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RDN. Jones Financial Companies Lllp lifted its holdings 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 worth $91,000 after purchasing an additional 357 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after buying an additional 572 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Radian Group by 17.3% in the 2nd quarter. GAMMA Investing LLC now owns 8,635 shares of the insurance provider’s stock worth $311,000 after acquiring an additional 1,272 shares during the period. Sage Rhino Capital LLC bought a new position in shares of Radian Group in the second quarter valued at approximately $205,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Radian Group by 0.7% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,238 shares of the insurance provider’s stock valued at $4,403,000 after acquiring an additional 869 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Price Performance

NYSE RDN opened at $32.76 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.24. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $38.84. The company has a market cap of $4.44 billion, a PE ratio of 8.17 and a beta of 0.82. The stock’s 50-day moving average price is $35.18 and its two-hundred day moving average price is $34.76.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, topping the consensus estimate of $0.95 by $0.20. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. The company had revenue of $303.19 million during the quarter, compared to analysts’ expectations of $308.77 million. During the same period last year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, November 24th. Radian Group’s payout ratio is 25.44%.

Insider Activity

In other news, EVP Eric Ray sold 13,957 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total value of $496,869.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.01% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on RDN. Keefe, Bruyette & Woods upped their target price on Radian Group from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, December 18th. Roth Mkm restated a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a report on Friday, January 2nd. Barclays lifted their target price on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a report on Monday, October 6th. UBS Group cut their price target on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.00.

Radian Group Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.