Yousif Capital Management LLC Trims Stock Holdings in Radian Group Inc. (NYSE:RDN)

Yousif Capital Management LLC cut its holdings in shares of Radian Group Inc. (NYSE:RDN) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,734 shares of the insurance provider’s stock after selling 1,587 shares during the period. Yousif Capital Management LLC’s holdings in Radian Group were worth $1,800,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Radian Group in the 3rd quarter worth $27,000. Blue Trust Inc. lifted its position in Radian Group by 352.4% in the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 1,949 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Radian Group in the 2nd quarter valued at approximately $116,000. KBC Group NV increased its position in Radian Group by 19.0% during the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 716 shares during the period. Finally, Forum Financial Management LP purchased a new position in shares of Radian Group during the 3rd quarter worth approximately $201,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Trading Down 0.6 %

Shares of Radian Group stock opened at $32.61 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. The firm has a market cap of $4.86 billion, a PE ratio of 8.30, a P/E/G ratio of 1.83 and a beta of 1.06. The business’s fifty day moving average is $32.88 and its two-hundred day moving average is $34.10. Radian Group Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Analysts anticipate that Radian Group Inc. will post 3.67 earnings per share for the current year.

Insider Activity

In related news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.16% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods dropped their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.30.

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.