Radian Group Inc. (NYSE:RDN) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in shares of Radian Group Inc. (NYSE:RDN) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,525 shares of the insurance provider’s stock after selling 1,465 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Radian Group worth $3,002,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Public Sector Pension Investment Board grew its position in Radian Group by 5.5% during the second quarter. Public Sector Pension Investment Board now owns 331,341 shares of the insurance provider’s stock valued at $10,305,000 after acquiring an additional 17,367 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Radian Group by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock worth $202,789,000 after purchasing an additional 121,166 shares during the period. Vest Financial LLC increased its position in Radian Group by 27.4% during the 2nd quarter. Vest Financial LLC now owns 746,664 shares of the insurance provider’s stock worth $23,221,000 after purchasing an additional 160,778 shares in the last quarter. Moran Wealth Management LLC purchased a new position in Radian Group in the third quarter valued at approximately $2,650,000. Finally, AQR Capital Management LLC lifted its position in Radian Group by 70.3% during the second quarter. AQR Capital Management LLC now owns 280,626 shares of the insurance provider’s stock valued at $8,727,000 after buying an additional 115,836 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Stock Performance

Radian Group stock opened at $34.64 on Friday. The firm has a market capitalization of $5.16 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. Radian Group Inc. has a one year low of $24.92 and a one year high of $37.86. The stock’s 50 day moving average price is $34.48 and its 200 day moving average price is $33.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The business had revenue of $319.05 million for the quarter, compared to analysts’ expectations of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. As a group, sell-side analysts expect that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a $0.245 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.83%. Radian Group’s payout ratio is currently 25.39%.

Insider Activity

In related news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their price objective on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.10.

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.