SG Americas Securities LLC Sells 57,129 Shares of Radian Group Inc. (NYSE:RDN)

SG Americas Securities LLC lowered its stake in Radian Group Inc. (NYSE:RDNGet Rating) by 64.8% in the third quarter, Holdings Channel reports. The fund owned 31,099 shares of the insurance provider’s stock after selling 57,129 shares during the quarter. SG Americas Securities LLC’s holdings in Radian Group were worth $600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Radian Group by 3.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,499 shares of the insurance provider’s stock worth $285,000 after acquiring an additional 443 shares during the last quarter. Nicollet Investment Management Inc. lifted its holdings in shares of Radian Group by 1.6% in the second quarter. Nicollet Investment Management Inc. now owns 28,280 shares of the insurance provider’s stock worth $556,000 after acquiring an additional 459 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Radian Group by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 232,696 shares of the insurance provider’s stock worth $4,572,000 after acquiring an additional 598 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Radian Group by 1.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 56,039 shares of the insurance provider’s stock valued at $1,084,000 after buying an additional 639 shares during the period. Finally, Xponance Inc. increased its stake in shares of Radian Group by 9.1% in the second quarter. Xponance Inc. now owns 10,088 shares of the insurance provider’s stock valued at $198,000 after buying an additional 841 shares during the period. Institutional investors own 94.37% of the company’s stock.

Insider Transactions at Radian Group

In other news, EVP Brien Mcmahon sold 32,831 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $19.50, for a total transaction of $640,204.50. Following the completion of the sale, the executive vice president now owns 95,308 shares of the company’s stock, valued at approximately $1,858,506. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.42% of the company’s stock.

Radian Group Stock Performance

NYSE:RDN opened at $21.11 on Monday. The company has a market capitalization of $3.31 billion, a PE ratio of 4.77, a P/E/G ratio of 1.34 and a beta of 1.14. The company has a 50 day simple moving average of $19.16 and a two-hundred day simple moving average of $20.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.08. Radian Group Inc. has a fifty-two week low of $17.83 and a fifty-two week high of $24.84.

Radian Group (NYSE:RDNGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The insurance provider reported $1.31 EPS for the quarter, topping the consensus estimate of $0.85 by $0.46. The company had revenue of $292.30 million during the quarter. Radian Group had a net margin of 63.74% and a return on equity of 22.71%. Research analysts anticipate that Radian Group Inc. will post 4.71 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Monday, November 21st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Friday, November 18th. Radian Group’s dividend payout ratio (DPR) is 18.06%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America raised Radian Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, December 15th. Compass Point downgraded Radian Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $28.00 to $22.50 in a research note on Tuesday, November 8th. StockNews.com downgraded Radian Group from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. BTIG Research downgraded Radian Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 6th. Finally, Credit Suisse Group lowered their price objective on Radian Group to $23.50 in a research note on Thursday, October 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.67.

About Radian Group

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Radian Group, Inc is a holding company, which engages in the provision of mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage and Real Estate segments. The Mortgage segment offers credit-related insurance coverage, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.

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

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