Vest Financial LLC Sells 28,664 Shares of Radian Group Inc. $RDN

Vest Financial LLC trimmed its stake in Radian Group Inc. (NYSE:RDN) by 25.7% during the fourth quarter, Holdings Channel reports. The fund owned 83,085 shares of the insurance provider’s stock after selling 28,664 shares during the quarter. Vest Financial LLC’s holdings in Radian Group were worth $2,990,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of RDN. Balyasny Asset Management L.P. lifted its stake in shares of Radian Group by 151.7% in the third quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock worth $67,842,000 after buying an additional 1,128,852 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Radian Group by 2.7% in the third quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock worth $589,393,000 after buying an additional 427,473 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Radian Group by 59.7% in the third quarter. Millennium Management LLC now owns 1,007,172 shares of the insurance provider’s stock worth $36,480,000 after buying an additional 376,533 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Radian Group by 125.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 550,634 shares of the insurance provider’s stock worth $19,817,000 after buying an additional 306,282 shares during the last quarter. Finally, Compass Rose Asset Management LP bought a new position in Radian Group in the 3rd quarter worth approximately $9,960,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Edward J. Hoffman sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $36.00, for a total value of $540,000.00. Following the sale, the executive vice president directly owned 123,708 shares in the company, valued at approximately $4,453,488. This represents a 10.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,000 shares of company stock worth $1,065,000 in the last three months. 2.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RDN. Weiss Ratings downgraded Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Roth Mkm reaffirmed a “buy” rating and issued a $45.00 price target on shares of Radian Group in a research report on Friday, January 2nd. Keefe, Bruyette & Woods lifted their price target on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Zacks Research downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, UBS Group dropped their price target on Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.67.

Radian Group Stock Performance

RDN opened at $37.26 on Thursday. The stock has a market cap of $5.02 billion, a PE ratio of 8.98, a P/E/G ratio of 1.93 and a beta of 0.77. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $38.84. The stock’s 50 day simple moving average is $34.07 and its 200-day simple moving average is $34.35.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, February 19th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The company had revenue of $300.51 million during the quarter, compared to analysts’ expectations of $300.45 million. During the same quarter in the prior year, the company posted $1.09 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Radian Group Inc. will post 4.72 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.255 per share. The ex-dividend date was Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 2.7%. Radian Group’s dividend payout ratio (DPR) is currently 24.58%.

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.