Radian Group Inc. (NYSE:RDN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of Radian Group Inc. (NYSE:RDN) by 13.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,099 shares of the insurance provider’s stock after selling 12,640 shares during the period. Victory Capital Management Inc. owned 0.06% of Radian Group worth $2,883,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RDN. V Square Quantitative Management LLC acquired a new stake in shares of Radian Group in the 3rd quarter worth approximately $27,000. Fifth Third Bancorp lifted its stake in shares of Radian Group by 859.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 1,160 shares during the period. CWM LLC lifted its stake in shares of Radian Group by 539.9% in the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 1,679 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of Radian Group by 37.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after acquiring an additional 611 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 1,949 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Radian Group Stock Up 2.8 %

RDN stock opened at $34.96 on Friday. Radian Group Inc. has a 52-week low of $24.92 and a 52-week high of $37.86. The company’s 50 day simple moving average is $34.44 and its 200-day simple moving average is $33.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market capitalization of $5.21 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.70 and a beta of 1.04.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The business had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. As a group, equities research analysts anticipate that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.245 per share. The ex-dividend date is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.80%. Radian Group’s dividend payout ratio is currently 25.39%.

Insider Activity

In other Radian Group news, CAO Robert Quigley sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 approximately $1,725,174.80. This represents a 13.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mary Dickerson sold 19,511 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total transaction of $701,030.23. The disclosure for this sale can be found here. Insiders have sold 115,955 shares of company stock worth $4,130,140 over the last 90 days. 2.16% of the stock is owned by company insiders.

About Radian Group

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.