California Public Employees Retirement System Sells 45,084 Shares of Radian Group Inc. (NYSE:RDN)

California Public Employees Retirement System decreased its position in shares of Radian Group Inc. (NYSE:RDNGet Rating) by 12.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 327,109 shares of the insurance provider’s stock after selling 45,084 shares during the period. California Public Employees Retirement System’s holdings in Radian Group were worth $6,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp bought a new position in Radian Group during the 2nd quarter valued at about $86,000. Nisa Investment Advisors LLC raised its holdings in shares of Radian Group by 43.5% in the second quarter. Nisa Investment Advisors LLC now owns 6,890 shares of the insurance provider’s stock worth $135,000 after buying an additional 2,090 shares during the period. Covestor Ltd lifted its stake in shares of Radian Group by 85.3% during the 1st quarter. Covestor Ltd now owns 7,357 shares of the insurance provider’s stock worth $163,000 after acquiring an additional 3,386 shares during the last quarter. Xponance Inc. lifted its stake in shares of Radian Group by 9.1% during the 2nd quarter. Xponance Inc. now owns 10,088 shares of the insurance provider’s stock worth $198,000 after acquiring an additional 841 shares during the last quarter. Finally, Sciencast Management LP purchased a new position in Radian Group during the 2nd quarter valued at $201,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Radian Group Trading Up 0.2 %

RDN opened at $19.48 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 4.40, a PEG ratio of 0.83 and a beta of 1.19. Radian Group Inc. has a 12 month low of $17.97 and a 12 month high of $24.84. The stock has a fifty day moving average price of $19.89 and a 200-day moving average price of $20.66.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Monday, November 21st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Friday, November 18th. Radian Group’s payout ratio is 18.06%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RDN shares. Barclays decreased their target price on Radian Group from $35.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 13th. Credit Suisse Group reduced their target price on shares of Radian Group to $23.50 in a research report on Thursday, October 13th. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $27.00 to $25.00 in a report on Sunday, October 16th. Bank of America upgraded Radian Group from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $22.50 to $24.00 in a report on Thursday, August 18th. Finally, Compass Point cut Radian Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $28.00 to $22.50 in a report on Tuesday, November 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.17.

Radian Group Profile

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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.

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

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