Arizona State Retirement System Sells 1,465 Shares of Radian Group Inc. (NYSE:RDN)

Arizona State Retirement System trimmed its position in shares of Radian Group Inc. (NYSE:RDNGet Rating) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,477 shares of the insurance provider’s stock after selling 1,465 shares during the quarter. Arizona State Retirement System’s holdings in Radian Group were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Radian Group by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,624,805 shares of the insurance provider’s stock worth $118,852,000 after buying an additional 391,458 shares during the last quarter. State Street Corp lifted its position in shares of Radian Group by 0.4% during the fourth quarter. State Street Corp now owns 5,589,015 shares of the insurance provider’s stock worth $118,096,000 after purchasing an additional 22,340 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Radian Group by 154.1% during the fourth quarter. JPMorgan Chase & Co. now owns 3,992,624 shares of the insurance provider’s stock worth $84,365,000 after purchasing an additional 2,421,410 shares in the last quarter. Senvest Management LLC lifted its position in shares of Radian Group by 18.5% during the fourth quarter. Senvest Management LLC now owns 3,984,735 shares of the insurance provider’s stock worth $84,197,000 after purchasing an additional 623,461 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Radian Group by 4.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,888,300 shares of the insurance provider’s stock worth $82,160,000 after purchasing an additional 156,214 shares in the last quarter. 95.48% of the stock is owned by institutional investors.

Radian Group Stock Down 0.1 %

Shares of RDN stock opened at $22.35 on Tuesday. The firm has a fifty day moving average of $20.49 and a 200-day moving average of $21.80. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. Radian Group Inc. has a 12-month low of $17.97 and a 12-month high of $24.84. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 1.24 and a beta of 1.23.

Radian Group (NYSE:RDNGet Rating) last issued its quarterly earnings data on Monday, August 1st. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.46. The company had revenue of $286.83 million during the quarter, compared to the consensus estimate of $323.39 million. Radian Group had a net margin of 50.71% and a return on equity of 17.18%. The firm’s revenue was down 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, equities research analysts predict that Radian Group Inc. will post 3.6 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Investors of record on Monday, May 23rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, May 20th. Radian Group’s dividend payout ratio (DPR) is currently 22.54%.

Wall Street Analyst Weigh In

RDN has been the topic of a number of research reports. StockNews.com lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. BTIG Research reduced their target price on shares of Radian Group from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, July 8th. Finally, Keefe, Bruyette & Woods lowered shares of Radian Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $28.00 to $27.00 in a research report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Radian Group has a consensus rating of “Hold” and a consensus price target of $27.58.

Insider Activity at Radian Group

In related news, Chairman Howard Bernard Culang sold 5,982 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $21.60, for a total value of $129,211.20. Following the completion of the transaction, the chairman now owns 8,050 shares of the company’s stock, valued at $173,880. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Radian Group news, Chairman Howard Bernard Culang sold 5,982 shares of the stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $21.60, for a total value of $129,211.20. Following the completion of the sale, the chairman now owns 8,050 shares in the company, valued at $173,880. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward J. Hoffman sold 10,000 shares of the stock in a transaction on Friday, May 13th. The shares were sold at an average price of $20.87, for a total transaction of $208,700.00. Following the completion of the sale, the executive vice president now owns 126,416 shares of the company’s stock, valued at approximately $2,638,301.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,962 shares of company stock valued at $680,379. Corporate insiders own 1.42% of the company’s stock.

Radian Group Company Profile

(Get Rating)

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its 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, and fulfillment solutions.

Further Reading

Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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