Radian Group Inc. (NYSE:RDN) Stock Holdings Cut by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its position in Radian Group Inc. (NYSE:RDN) by 38.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,401 shares of the insurance provider’s stock after selling 38,420 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Radian Group were worth $1,910,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Radian Group during the fourth quarter worth about $53,792,000. Hsbc Holdings PLC acquired a new position in shares of Radian Group in the 4th quarter worth approximately $25,565,000. Vest Financial LLC raised its holdings in shares of Radian Group by 6,836.0% in the 1st quarter. Vest Financial LLC now owns 585,886 shares of the insurance provider’s stock worth $19,610,000 after purchasing an additional 577,439 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Radian Group by 25.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,801,916 shares of the insurance provider’s stock valued at $51,445,000 after purchasing an additional 362,409 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Radian Group by 29.2% during the fourth quarter. First Trust Advisors LP now owns 1,192,595 shares of the insurance provider’s stock worth $34,049,000 after buying an additional 269,209 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the 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 completion of the sale, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction 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 directly owns 186,535 shares of the company’s stock, valued at $6,595,877.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert Quigley sold 7,500 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total value of $267,375.00. Following the sale, the chief accounting officer now owns 48,392 shares of the company’s stock, valued at $1,725,174.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RDN shares. Keefe, Bruyette & Woods increased their price objective on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Royal Bank of Canada upped their target price on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Roth Mkm lifted 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, Barclays upped their price objective on shares of Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.90.

Radian Group Stock Performance

Shares of Radian Group stock opened at $35.09 on Friday. Radian Group Inc. has a 12 month low of $24.56 and a 12 month high of $37.86. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The stock has a market cap of $5.28 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05. The business has a fifty day simple moving average of $35.14 and a 200-day simple moving average of $32.54.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The firm had revenue of $312.37 million during the quarter, compared to analyst estimates of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. On average, sell-side analysts anticipate that Radian Group Inc. will post 3.75 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, August 26th. Radian Group’s payout ratio is presently 25.93%.

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.