Radian Group Inc. (NYSE:RDN) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of Radian Group Inc. (NYSE:RDN) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 84,642 shares of the insurance provider’s stock after selling 1,196 shares during the period. State of Alaska Department of Revenue’s holdings in Radian Group were worth $2,684,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its stake in shares of Radian Group by 2.7% in the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after purchasing an additional 177,142 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Radian Group by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after acquiring an additional 121,166 shares in the last quarter. FMR LLC lifted its position in shares of Radian Group by 0.4% during the 3rd quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock worth $124,476,000 after purchasing an additional 12,834 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Radian Group by 23.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,020,912 shares of the insurance provider’s stock worth $32,383,000 after acquiring an additional 192,854 shares in the last quarter. Finally, Vest Financial LLC increased its stake in Radian Group by 8.0% in the third quarter. Vest Financial LLC now owns 806,573 shares of the insurance provider’s stock valued at $27,980,000 after purchasing an additional 59,909 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.30.

Radian Group Trading Down 1.9 %

NYSE:RDN opened at $32.96 on Monday. The business’s 50-day moving average is $33.00 and its two-hundred day moving average is $34.16. The firm has a market capitalization of $4.91 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 2.01. Radian Group Inc. has a 12 month low of $26.11 and a 12 month high of $37.86.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Research analysts predict that Radian Group Inc. will post 3.67 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 2.97%. Radian Group’s dividend payout ratio (DPR) is presently 24.94%.

Insider Activity

In other news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.16% of the stock is owned by corporate insiders.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.