Russell Investments Group Ltd. reduced its holdings in Radian Group Inc. (NYSE:RDN – Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 140,468 shares of the insurance provider’s stock after selling 3,847 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Radian Group worth $3,104,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of RDN. Point72 Middle East FZE bought a new position in Radian Group in the fourth quarter worth about $37,000. Ronald Blue Trust Inc. lifted its holdings in shares of Radian Group by 66.3% in the 1st quarter. Ronald Blue Trust Inc. now owns 2,371 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 945 shares during the last quarter. Ensign Peak Advisors Inc acquired a new position in Radian Group during the 3rd quarter valued at approximately $73,000. Lazard Asset Management LLC grew its stake in Radian Group by 194.7% during the 4th quarter. Lazard Asset Management LLC now owns 4,285 shares of the insurance provider’s stock worth $81,000 after buying an additional 2,831 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Radian Group by 49.8% in the second quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider’s stock worth $87,000 after buying an additional 1,476 shares during the period.
Analysts Set New Price Targets
Several brokerages have recently issued reports on RDN. Keefe, Bruyette & Woods downgraded shares of Radian Group from an “outperform” rating to a “market perform” rating and set a $27.50 price target for the company. in a report on Monday, June 12th. Bank of America cut shares of Radian Group from a “buy” rating to an “underperform” rating in a research report on Tuesday, May 9th. StockNews.com began coverage on Radian Group in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada increased their price objective on Radian Group from $26.00 to $29.00 and gave the stock a “sector perform” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.67.
View Our Latest Research Report on Radian Group
Insider Buying and Selling
In related news, Director Lisa Mumford sold 2,830 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $25.82, for a total transaction of $73,070.60. Following the sale, the director now owns 16,492 shares of the company’s stock, valued at $425,823.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Radian Group news, Director Lisa Mumford sold 2,830 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $25.82, for a total value of $73,070.60. Following the transaction, the director now owns 16,492 shares of the company’s stock, valued at $425,823.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Edward J. Hoffman sold 30,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $25.98, for a total value of $779,400.00. Following the completion of the transaction, the executive vice president now directly owns 124,784 shares in the company, valued at approximately $3,241,888.32. The disclosure for this sale can be found here. Insiders have sold a total of 37,285 shares of company stock valued at $972,412 over the last quarter. Corporate insiders own 1.58% of the company’s stock.
Radian Group Price Performance
Shares of NYSE:RDN opened at $26.94 on Friday. Radian Group Inc. has a 12 month low of $17.83 and a 12 month high of $28.26. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 1.52 and a beta of 1.09. The stock’s 50 day moving average price is $26.24 and its 200 day moving average price is $24.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.29 and a quick ratio of 1.29.
Radian Group (NYSE:RDN – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.76 by $0.15. Radian Group had a return on equity of 17.30% and a net margin of 54.83%. The firm had revenue of $278.85 million for the quarter, compared to analysts’ expectations of $289.10 million. Equities research analysts anticipate that Radian Group Inc. will post 3.47 earnings per share for the current fiscal year.
Radian Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, August 18th. This represents a $0.90 annualized dividend and a yield of 3.34%. Radian Group’s payout ratio is 21.95%.
Radian Group Profile
Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. The company operates through Mortgage and Homegenius segments. The Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting solutions.
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