Radian Group Inc. $RDN Stock Holdings Cut by Rhumbline Advisers

Rhumbline Advisers cut its position in shares of Radian Group Inc. (NYSE:RDN) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 434,985 shares of the insurance provider’s stock after selling 16,078 shares during the quarter. Rhumbline Advisers owned 0.32% of Radian Group worth $15,755,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RDN. Bessemer Group Inc. grew its holdings in Radian Group by 66.7% during the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 318 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Radian Group by 14.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 344 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Radian Group by 14.8% in the 1st 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 in the last quarter. Amalgamated Bank raised its holdings in shares of Radian Group by 1.0% in the 3rd quarter. Amalgamated Bank now owns 39,233 shares of the insurance provider’s stock worth $1,421,000 after purchasing an additional 391 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Radian Group by 8.2% during the third quarter. Nisa Investment Advisors LLC now owns 5,740 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 433 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In related news, EVP Eric Ray sold 13,957 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total transaction of $496,869.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.01% of the company’s stock.

Analyst Ratings Changes

RDN has been the topic of several research reports. Roth Mkm reaffirmed a “buy” rating and issued a $45.00 price target on shares of Radian Group in a report on Friday, January 2nd. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings downgraded Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods raised Radian Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $42.00 in a research note on Wednesday, February 11th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.20.

Radian Group Trading Down 1.1%

NYSE:RDN opened at $32.38 on Thursday. The stock has a market cap of $4.39 billion, a PE ratio of 8.08 and a beta of 0.81. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.67 and a quick ratio of 1.67. The stock’s 50-day moving average is $34.49 and its two-hundred day moving average is $34.67.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 18th. The insurance provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.11 by $0.05. The business had revenue of $300.51 million during the quarter, compared to analysts’ expectations of $300.45 million. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. As a group, equities research analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.1%. Radian Group’s dividend payout ratio is 25.44%.

About Radian Group

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.