Radian Group Inc. (NYSE:RDN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Radian Group Inc. (NYSE:RDN) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,576 shares of the insurance provider’s stock after selling 709 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Radian Group were worth $332,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Radian Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock worth $684,096,000 after acquiring an additional 69,383 shares in the last quarter. Jennison Associates LLC acquired a new position in Radian Group during the 1st quarter worth about $852,000. Leuthold Group LLC acquired a new position in Radian Group during the 1st quarter worth about $3,242,000. Acadian Asset Management LLC purchased a new stake in Radian Group during the 1st quarter worth about $1,442,000. Finally, Empowered Funds LLC purchased a new stake in Radian Group during the 1st quarter worth about $1,059,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays upped their price target on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada upped their price target on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods upped their price target on Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Roth Mkm upped their price target on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.10.

Radian Group Trading Down 9.3 %

RDN opened at $31.67 on Friday. Radian Group Inc. has a one year low of $24.92 and a one year high of $37.86. The company has a market cap of $4.76 billion, a P/E ratio of 8.23, a PEG ratio of 1.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. The business’s 50-day simple moving average is $34.86 and its 200-day simple moving average is $33.14.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $324.00 million. As a group, equities research analysts expect that Radian Group Inc. will post 3.75 EPS for the current fiscal year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were issued a $0.245 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.09%. Radian Group’s payout ratio is currently 25.45%.

Insider Activity

In other news, insider Derek Brummer sold 35,153 shares of the stock in a transaction dated Thursday, September 5th. The stock was 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Derek Brummer sold 35,153 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares in the company, valued at $6,595,877.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Mary Dickerson sold 19,511 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total value of $701,030.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is currently owned by insiders.

Radian Group Company 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.