Radian Group Inc. (NYSE:RDN) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its holdings in shares of Radian Group Inc. (NYSE:RDN) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,980 shares of the insurance provider’s stock after selling 2,175 shares during the period. Raymond James & Associates’ holdings in Radian Group were worth $4,960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arizona State Retirement System increased its holdings in shares of Radian Group by 0.8% in the second quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock valued at $1,319,000 after buying an additional 321 shares in the last quarter. Xponance Inc. increased its holdings in shares of Radian Group by 2.5% in the second quarter. Xponance Inc. now owns 13,121 shares of the insurance provider’s stock valued at $408,000 after buying an additional 321 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Radian Group by 5.2% in the first quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider’s stock valued at $319,000 after buying an additional 474 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Radian Group by 37.0% in the second quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock valued at $70,000 after buying an additional 611 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of Radian Group by 7.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,986 shares of the insurance provider’s stock valued at $311,000 after buying an additional 668 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Derek Brummer sold 35,153 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Derek Brummer sold 35,153 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the sale, the insider now directly owns 186,535 shares of the company’s stock, valued at $6,595,877.60. This represents a 0.00 % 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. Also, CFO Sumita Pandit sold 3,817 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The disclosure for this sale can be found here. Insiders sold 119,772 shares of company stock valued at $4,260,796 over the last quarter. Corporate insiders own 2.16% of the company’s stock.

Radian Group Stock Down 9.3 %

RDN stock opened at $31.68 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84. Radian Group Inc. has a 52-week low of $24.92 and a 52-week high of $37.86. The company has a 50-day moving average of $34.94 and a two-hundred day moving average of $33.12. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.88 and a beta of 1.05.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. The business had revenue of $312.37 million during the quarter, compared to analyst estimates of $324.00 million. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. As a group, equities research analysts anticipate that Radian Group Inc. will post 3.75 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were given a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 3.09%. The ex-dividend date was Monday, August 26th. Radian Group’s dividend payout ratio (DPR) is presently 25.45%.

Wall Street Analysts Forecast Growth

RDN has been the topic of several research reports. Barclays upped their price target on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their target price on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Roth Mkm boosted their target price on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada boosted their target price on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.10.

Radian Group Profile

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.