Public Sector Pension Investment Board Has $10.31 Million Stock Holdings in Radian Group Inc. (NYSE:RDN)

Public Sector Pension Investment Board grew its position in Radian Group Inc. (NYSE:RDN) by 5.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 331,341 shares of the insurance provider’s stock after acquiring an additional 17,367 shares during the period. Public Sector Pension Investment Board owned 0.22% of Radian Group worth $10,305,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of RDN. Arizona State Retirement System grew its stake in shares of Radian Group by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock valued at $1,319,000 after buying an additional 321 shares during the period. Measured Wealth Private Client Group LLC raised its holdings in Radian Group by 2.2% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 20,848 shares of the insurance provider’s stock valued at $698,000 after acquiring an additional 453 shares during the period. Astoria Portfolio Advisors LLC. raised its holdings in Radian Group by 6.7% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 7,482 shares of the insurance provider’s stock valued at $250,000 after acquiring an additional 470 shares during the period. Tidal Investments LLC grew its position in shares of Radian Group by 5.2% during the 1st quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 474 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its position in shares of Radian Group by 37.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock valued at $70,000 after purchasing an additional 611 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RDN. Royal Bank of Canada upped their target price on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Keefe, Bruyette & Woods increased their price target on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays upped their price objective 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. Finally, Roth Mkm upped their price objective on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.90.

Insiders Place Their Bets

In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of Radian Group stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Sumita Pandit sold 3,817 shares of the business’s 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 filing with the Securities & Exchange Commission, which is available at this link. Also, COO Mary Dickerson sold 19,511 shares of the company’s stock in a transaction 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 119,772 shares of company stock valued at $4,260,796 over the last ninety days. Company insiders own 2.16% of the company’s stock.

Radian Group Price Performance

Shares of RDN opened at $35.38 on Tuesday. The company has a 50 day moving average price of $35.18 and a 200-day moving average price of $32.60. Radian Group Inc. has a fifty-two week low of $24.56 and a fifty-two week high of $37.86. The stock has a market capitalization of $5.33 billion, a PE ratio of 9.36, a PEG ratio of 1.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84.

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

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were paid a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Monday, August 26th. Radian Group’s dividend payout ratio (DPR) is presently 25.93%.

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.