Radian Group Inc. (NYSE:RDN) Position Cut by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its holdings in shares of Radian Group Inc. (NYSE:RDN) by 34.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,210 shares of the insurance provider’s stock after selling 6,436 shares during the period. Advisors Asset Management Inc.’s holdings in Radian Group were worth $424,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Radian Group by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 116,282 shares of the insurance provider’s stock worth $3,893,000 after acquiring an additional 5,195 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Radian Group in the 1st quarter worth $105,000. Tidal Investments LLC lifted its holdings in shares of Radian Group by 5.2% in the first quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider’s stock valued at $319,000 after buying an additional 474 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Radian Group by 6.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 165,177 shares of the insurance provider’s stock worth $5,353,000 after acquiring an additional 10,219 shares during the period. Finally, GAMMA Investing LLC raised its position in Radian Group by 18.8% in the second quarter. GAMMA Investing LLC now owns 4,511 shares of the insurance provider’s stock worth $140,000 after acquiring an additional 714 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Trading Up 1.0 %

NYSE RDN opened at $35.54 on Friday. The firm’s 50 day moving average price is $34.44 and its two-hundred day moving average price is $33.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. Radian Group Inc. has a twelve month low of $24.92 and a twelve month high of $37.86. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 1.78 and a beta of 1.04.

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

Radian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a $0.245 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.76%. Radian Group’s dividend payout ratio is 25.39%.

Insider Transactions at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. This represents a 15.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods upped their price target on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Roth Mkm lifted their target price on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Barclays boosted their target price on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.