Vanguard Group Inc. Sells 45,818 Shares of Radian Group Inc. $RDN

Vanguard Group Inc. reduced its holdings in shares of Radian Group Inc. (NYSE:RDN) by 0.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,226,779 shares of the insurance provider’s stock after selling 45,818 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Radian Group worth $584,002,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RDN. Jones Financial Companies Lllp lifted 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. Geneos Wealth Management Inc. lifted its stake 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 acquiring an additional 572 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Radian Group by 94.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 901 shares during the last quarter. Walleye Capital LLC bought a new stake in Radian Group during the 2nd quarter valued at $239,000. Finally, Marshall Wace LLP bought a new stake in Radian Group during the 2nd quarter valued at $452,000. 95.33% of the stock is owned by institutional investors.

Radian Group Trading Up 0.0%

RDN opened at $35.44 on Tuesday. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $38.84. The stock has a fifty day moving average price of $34.13 and a 200-day moving average price of $34.37. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.37 and a beta of 0.76.

Radian Group (NYSE:RDN) last announced its earnings results on Thursday, February 19th. The insurance provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.05. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The firm had revenue of $300.51 million for the quarter, compared to the consensus estimate of $300.45 million. During the same period in the previous year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts anticipate that Radian Group Inc. will post 4.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, February 23rd. Radian Group’s payout ratio is 24.58%.

Wall Street Analysts Forecast Growth

RDN has been the subject of a number of research analyst reports. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods lifted their target price on Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, April 10th. Barclays decreased their target price on Radian Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Weiss Ratings lowered Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Finally, UBS Group decreased their target price on Radian Group from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.67.

Insiders Place Their Bets

In related news, EVP Edward J. Hoffman sold 15,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $37.00, for a total transaction of $555,000.00. Following the transaction, the executive vice president directly owned 108,708 shares in the company, valued at $4,022,196. The trade was a 12.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 45,000 shares of company stock worth $1,620,000. 2.03% of the stock is owned by insiders.

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.