Radian Group Inc. $RDN Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Radian Group Inc. (NYSE:RDN) by 94.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,636 shares of the insurance provider’s stock after selling 2,448,689 shares during the period. Thrivent Financial for Lutherans owned about 0.11% of Radian Group worth $5,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Financial Consulate Inc. acquired a new position in Radian Group during the 3rd quarter worth $29,000. Geneos Wealth Management Inc. boosted its stake in shares of Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of Radian Group during the third quarter worth about $33,000. Headlands Technologies LLC purchased a new stake in shares of Radian Group during the second quarter worth approximately $50,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Radian Group by 94.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 901 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $496,869.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.01% of the company’s stock.

Radian Group Trading Down 0.7%

Shares of RDN stock opened at $33.55 on Friday. The company has a market capitalization of $4.55 billion, a P/E ratio of 8.37 and a beta of 0.81. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $34.80 and its two-hundred day moving average is $34.69. Radian Group Inc. has a twelve month low of $29.32 and a twelve month high of $38.84.

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

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were given a $0.255 dividend. The ex-dividend date was Monday, November 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. Radian Group’s dividend payout ratio (DPR) is presently 25.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Radian Group from $40.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday, December 18th. Weiss Ratings downgraded Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Roth Mkm reissued a “buy” rating and set a $45.00 target price on shares of Radian Group in a research report on Friday, January 2nd. Finally, UBS Group lowered their price target on Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Two research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.00.

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.