State of Alaska Department of Revenue Has $2.98 Million Stock Holdings in Radian Group Inc. (NYSE:RDN)

State of Alaska Department of Revenue trimmed its position in Radian Group Inc. (NYSE:RDN) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,838 shares of the insurance provider’s stock after selling 2,569 shares during the quarter. State of Alaska Department of Revenue’s holdings in Radian Group were worth $2,977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Radian Group by 4.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 133,340 shares of the insurance provider’s stock worth $4,553,000 after purchasing an additional 5,392 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Radian Group by 10.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,818 shares of the insurance provider’s stock worth $3,197,000 after buying an additional 8,439 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Radian Group by 272.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock valued at $28,725,000 after buying an additional 605,956 shares during the period. Vest Financial LLC raised its position in shares of Radian Group by 8.0% in the 3rd quarter. Vest Financial LLC now owns 806,573 shares of the insurance provider’s stock valued at $27,980,000 after buying an additional 59,909 shares in the last quarter. Finally, Schubert & Co bought a new stake in shares of Radian Group during the 3rd quarter worth approximately $615,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the company’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 value of $1,243,010.08. Following the completion of the transaction, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Sumita Pandit sold 3,817 shares of Radian Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.23, for a total value of $130,655.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Derek Brummer sold 35,153 shares of the company’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 value of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares in the company, valued at $6,595,877.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,772 shares of company stock worth $4,260,796 in the last ninety days. Company insiders own 2.16% of the company’s stock.

Radian Group Stock Down 1.0 %

Shares of RDN opened at $34.91 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. Radian Group Inc. has a 52 week low of $24.92 and a 52 week high of $37.86. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 1.82 and a beta of 1.05. The stock has a fifty day moving average of $34.94 and a 200-day moving average of $33.11.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. The firm had revenue of $312.37 million during the quarter, compared to the consensus estimate of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. As a group, sell-side analysts anticipate that Radian Group Inc. will post 3.75 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were issued a $0.245 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a yield of 2.81%. Radian Group’s dividend payout ratio (DPR) is presently 25.45%.

Wall Street Analysts Forecast Growth

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

Radian Group Company 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.