Natixis Advisors L.P. cut its holdings in Radian Group Inc. (NYSE:RDN – Free Report) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,490 shares of the insurance provider’s stock after selling 4,332 shares during the period. Natixis Advisors L.P. owned about 0.12% of Radian Group worth $4,232,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of RDN. Goldman Sachs Group Inc. raised its stake in Radian Group by 202.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,295,712 shares of the insurance provider’s stock valued at $64,760,000 after buying an additional 2,204,335 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Radian Group by 61.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,994,265 shares of the insurance provider’s stock worth $88,713,000 after purchasing an additional 1,523,376 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Radian Group by 8.5% during the first quarter. Vanguard Group Inc. now owns 18,357,109 shares of the insurance provider’s stock worth $407,712,000 after purchasing an additional 1,443,144 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Radian Group by 49.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,119,242 shares of the insurance provider’s stock worth $78,554,000 after purchasing an additional 1,357,430 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Radian Group by 9,190.1% during the first quarter. Principal Financial Group Inc. now owns 949,446 shares of the insurance provider’s stock worth $20,983,000 after purchasing an additional 939,226 shares during the last quarter. 96.17% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods lowered Radian Group from an “outperform” rating to a “market perform” rating and set a $27.50 price objective on the stock. in a report on Monday, June 12th. Royal Bank of Canada raised 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. StockNews.com started coverage on Radian Group in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Bank of America lowered Radian Group from a “buy” rating to an “underperform” rating in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Radian Group presently has an average rating of “Hold” and a consensus price target of $25.67.
Check Out Our Latest Research Report on RDN
Radian Group Stock Performance
NYSE RDN opened at $27.07 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.38. Radian Group Inc. has a 52-week low of $17.83 and a 52-week high of $28.26. The business’s 50-day moving average price is $26.43 and its 200 day moving average price is $24.49. The firm has a market cap of $4.26 billion, a P/E ratio of 6.60, a P/E/G ratio of 1.56 and a beta of 1.09.
Radian Group (NYSE:RDN – Get Free Report) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $0.91 earnings per share (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 company had revenue of $278.85 million for the quarter, compared to analysts’ expectations of $289.10 million. On average, equities research analysts expect that Radian Group Inc. will post 3.47 earnings per share for the current year.
Radian Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, August 18th. Radian Group’s payout ratio is 21.95%.
Insiders Place Their Bets
In other Radian Group news, Director Gregory Serio sold 3,800 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $26.82, for a total transaction of $101,916.00. Following the transaction, the director now owns 8,221 shares in the company, valued at approximately $220,487.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Gregory Serio sold 3,800 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $26.82, for a total value of $101,916.00. Following the sale, the director now owns 8,221 shares in the company, valued at approximately $220,487.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward J. Hoffman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $25.98, for a total value of $779,400.00. Following the completion of the sale, the executive vice president now owns 124,784 shares in the company, valued at approximately $3,241,888.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,455 shares of company stock worth $899,342. Company insiders own 1.58% of the company’s stock.
Radian Group Company 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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