Thrivent Financial for Lutherans Purchases 25,862 Shares of Radian Group Inc. (NYSE:RDN)

Thrivent Financial for Lutherans grew its holdings in Radian Group Inc. (NYSE:RDN) by 0.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,133,020 shares of the insurance provider’s stock after purchasing an additional 25,862 shares during the period. Thrivent Financial for Lutherans owned about 2.08% of Radian Group worth $97,437,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RDN. Fifth Third Bancorp increased its stake in Radian Group by 859.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after buying an additional 1,160 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Radian Group during the fourth quarter worth about $46,000. Hexagon Capital Partners LLC grew its stake in Radian Group by 75.3% in the first quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 709 shares in the last quarter. CWM LLC increased its position in shares of Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 1,679 shares during the last quarter. Finally, AXS Investments LLC bought a new stake in shares of Radian Group during the 4th quarter worth approximately $66,000. Institutional investors own 95.33% of the company’s stock.

Insiders Place Their Bets

In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Robert Quigley sold 7,500 shares of the firm’s 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 transaction, the chief accounting officer now owns 48,392 shares in the company, valued at $1,725,174.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sumita Pandit sold 3,817 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.23, for a total transaction of $130,655.91. The disclosure for this sale can be found here. Insiders sold 119,772 shares of company stock worth $4,260,796 in the last quarter. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Trading Down 1.0 %

Shares of RDN 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 market capitalization 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 firm has a 50 day moving average price of $35.14 and a two-hundred day moving average price of $32.54. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. The business had revenue of $312.37 million during the quarter, compared to analysts’ expectations of $324.00 million. As a group, analysts predict that Radian Group Inc. will post 3.75 earnings per share for the current year.

Radian Group Dividend Announcement

The firm also recently declared 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 of this dividend was Monday, August 26th. Radian Group’s dividend payout ratio is 25.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RDN shares. Barclays boosted their target price on shares of Radian Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their target price on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Roth Mkm boosted their price target on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods raised 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.90.

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.