Radian Group Inc. (NYSE:RDN) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of Radian Group Inc. (NYSE:RDN) by 22.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 17,309 shares of the insurance provider’s stock after selling 5,060 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Radian Group were worth $494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ellsworth Advisors LLC raised its holdings in Radian Group by 2.4% in the 4th quarter. Ellsworth Advisors LLC now owns 15,716 shares of the insurance provider’s stock worth $449,000 after purchasing an additional 372 shares during the period. Exchange Traded Concepts LLC increased its stake in Radian Group by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 27,318 shares of the insurance provider’s stock worth $780,000 after buying an additional 389 shares in the last quarter. Mariner LLC increased its stake in Radian Group by 2.2% during the 3rd quarter. Mariner LLC now owns 24,220 shares of the insurance provider’s stock worth $608,000 after buying an additional 515 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of Radian Group by 145.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 557 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in shares of Radian Group by 4.3% in the third quarter. Bank of Nova Scotia now owns 16,265 shares of the insurance provider’s stock valued at $408,000 after purchasing an additional 677 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Trading Up 0.6 %

RDN opened at $30.78 on Friday. Radian Group Inc. has a one year low of $24.34 and a one year high of $33.69. The stock has a market capitalization of $4.63 billion, a PE ratio of 8.14, a P/E/G ratio of 1.76 and a beta of 1.04. The business’s 50 day moving average price is $30.87 and its 200 day moving average price is $29.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.80 and a current ratio of 1.80.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. The firm had revenue of $319.42 million for the quarter, compared to analysts’ expectations of $314.76 million. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts expect that Radian Group Inc. will post 3.52 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Tuesday, June 4th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Tuesday, June 4th. Radian Group’s dividend payout ratio is presently 25.93%.

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $31.33, for a total transaction of $1,096,550.00. Following the transaction, the insider now directly owns 218,023 shares in the company, valued at $6,830,660.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Radian Group news, Director Noel Joseph Spiegel sold 5,895 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $31.80, for a total transaction of $187,461.00. Following the transaction, the director now directly owns 20,008 shares in the company, valued at $636,254.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Derek Brummer sold 35,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $31.33, for a total value of $1,096,550.00. Following the transaction, the insider now owns 218,023 shares in the company, valued at $6,830,660.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,004 shares of company stock worth $3,651,517. Insiders own 2.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RDN. UBS Group upped their price target on Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $35.00 to $36.00 in a research report on Monday, June 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Radian Group currently has a consensus rating of “Hold” and a consensus target price of $31.13.

Radian Group Profile

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.