Radian Group Inc. $RDN Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in shares of Radian Group Inc. (NYSE:RDN) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 526,602 shares of the insurance provider’s stock after selling 32,529 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Radian Group were worth $16,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its position in Radian Group by 109.3% during the 2nd quarter. IFP Advisors Inc now owns 672 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 351 shares during the last quarter. Arizona State Retirement System lifted its holdings in Radian Group by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 37,602 shares of the insurance provider’s stock worth $1,416,000 after buying an additional 387 shares during the period. GAMMA Investing LLC lifted its holdings in Radian Group by 4.1% during the 3rd quarter. GAMMA Investing LLC now owns 11,613 shares of the insurance provider’s stock worth $355,000 after buying an additional 462 shares during the period. Root Financial Partners LLC grew its position in shares of Radian Group by 67.3% in the 1st quarter. Root Financial Partners LLC now owns 1,288 shares of the insurance provider’s stock valued at $43,000 after buying an additional 518 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of Radian Group by 3.1% in the 4th quarter. Corient Private Wealth LLC now owns 21,249 shares of the insurance provider’s stock valued at $765,000 after buying an additional 647 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their price target on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Barclays lifted their price objective on Radian Group from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, October 5th. Weiss Ratings lowered Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, October 13th. Wall Street Zen cut Radian Group from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Finally, BTIG Research initiated coverage on shares of Radian Group in a research report on Tuesday, September 22nd. They set a “buy” rating and a $48.00 target price for the company. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.14.

Radian Group Price Performance

Shares of NYSE RDN opened at $35.74 on Friday. Radian Group Inc. has a twelve month low of $30.53 and a twelve month high of $41.05. The firm has a fifty day simple moving average of $34.95 and a 200 day simple moving average of $35.93. The company has a market capitalization of $4.73 billion, a PE ratio of 7.35, a P/E/G ratio of 0.86 and a beta of 0.71. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.14.

Radian Group (NYSE:RDN) last released its earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.20). The firm had revenue of $574.96 million during the quarter, compared to analyst estimates of $556.55 million. Radian Group had a net margin of 32.60% and a return on equity of 13.65%. Radian Group’s quarterly revenue was up 92.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 EPS. On average, sell-side analysts forecast that Radian Group Inc. will post 4.85 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th were given a $0.2550 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. Radian Group’s dividend payout ratio (DPR) is 26.22%.

Insider Buying and Selling at Radian Group

In other news, EVP Meghan Bartholomew sold 7,812 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $35.94, for a total value of $280,763.28. Following the transaction, the executive vice president directly owned 39,203 shares of the company’s stock, valued at $1,408,955.82. The trade was a 16.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.03% of the company’s stock.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a financial services company that provides mortgage insurance and related services to the residential real estate industry. Through its mortgage insurance subsidiaries, including Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, particularly loans made to borrowers with smaller down payments. Its insurance can also help borrowers obtain home financing without contributing a traditional 20% down payment.

Radian’s mortgage insurance business serves mortgage lenders, banks, credit unions and other housing finance participants primarily in the United States.