Radian Group Inc. (NYSE:RDN) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in shares of Radian Group Inc. (NYSE:RDN) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 293,950 shares of the insurance provider’s stock after selling 4,100 shares during the period. Swiss National Bank owned about 0.20% of Radian Group worth $10,197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV boosted its position in shares of Radian Group by 19.0% during the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 716 shares in the last quarter. Versor Investments LP lifted its stake in Radian Group by 316.7% during the third quarter. Versor Investments LP now owns 49,239 shares of the insurance provider’s stock worth $1,708,000 after purchasing an additional 37,422 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Radian Group by 1.1% in the third quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock valued at $1,089,000 after purchasing an additional 339 shares in the last quarter. Forum Financial Management LP purchased a new position in Radian Group in the third quarter valued at approximately $201,000. Finally, Van ECK Associates Corp raised its holdings in Radian Group by 40.0% during the third quarter. Van ECK Associates Corp now owns 87,071 shares of the insurance provider’s stock worth $2,986,000 after purchasing an additional 24,880 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insiders Place Their Bets

In other Radian Group news, COO Mary Dickerson sold 19,511 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total transaction of $701,030.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert Quigley sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the sale, the chief accounting officer now directly owns 48,392 shares of the company’s stock, valued at $1,725,174.80. This represents a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,955 shares of company stock worth $4,130,140. 2.16% of the stock is owned by insiders.

Radian Group Stock Performance

NYSE RDN opened at $34.96 on Monday. The firm has a market cap of $5.21 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.70 and a beta of 1.04. Radian Group Inc. has a 52-week low of $24.92 and a 52-week high of $37.86. The business’s 50-day moving average price is $34.44 and its 200 day moving average price is $33.56. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.15. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. The company had revenue of $319.05 million for the quarter, compared to the consensus estimate of $320.30 million. On average, equities research analysts expect that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a dividend of $0.245 per share. The ex-dividend date is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.80%. Radian Group’s payout ratio is currently 25.39%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RDN. Barclays increased their target price on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their target price on Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Roth Mkm raised their price target on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada lifted their price target on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $36.10.

About Radian Group

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.