Federated Hermes Inc. Sells 46,641 Shares of Radian Group Inc. $RDN

Federated Hermes Inc. lessened its stake in Radian Group Inc. (NYSE:RDN) by 46.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,936 shares of the insurance provider’s stock after selling 46,641 shares during the period. Federated Hermes Inc.’s holdings in Radian Group were worth $1,954,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Radian Group by 14.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after buying an additional 344 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Radian Group by 14.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after acquiring an additional 357 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Radian Group by 1.0% during the 3rd quarter. Amalgamated Bank now owns 39,233 shares of the insurance provider’s stock worth $1,421,000 after acquiring an additional 391 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Radian Group by 8.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,740 shares of the insurance provider’s stock valued at $208,000 after acquiring an additional 433 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Radian Group by 6.0% in the 3rd quarter. GAMMA Investing LLC now owns 9,157 shares of the insurance provider’s stock worth $332,000 after purchasing an additional 522 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Insider Activity at Radian Group

In other news, EVP Eric Ray sold 13,957 shares of the stock in a transaction that occurred 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 filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price objective on Radian Group from $40.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, December 18th. 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. UBS Group dropped their price target on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Roth Mkm reissued a “buy” rating and issued a $45.00 price objective on shares of Radian Group in a research note on Friday, January 2nd. Finally, Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Radian Group has an average rating of “Hold” and a consensus target price of $40.00.

Radian Group Stock Up 2.1%

NYSE RDN opened at $33.42 on Thursday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.24. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $38.84. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 8.33 and a beta of 0.81. The company has a fifty day moving average of $34.88 and a two-hundred day moving average of $34.70.

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

Radian Group Dividend Announcement

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

Radian Group Company 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.