Dana Investment Advisors Inc. Sells 2,868 Shares of Radian Group Inc. (NYSE:RDN)

Dana Investment Advisors Inc. decreased its position in Radian Group Inc. (NYSE:RDN) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,016 shares of the insurance provider’s stock after selling 2,868 shares during the quarter. Dana Investment Advisors Inc. owned about 0.07% of Radian Group worth $3,421,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp grew its position in Radian Group by 859.3% in the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 1,160 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in Radian Group by 75.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 709 shares during the last quarter. CWM LLC boosted its position in Radian Group by 539.9% in the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after buying an additional 1,679 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Radian Group during the first quarter worth $105,000. Finally, Covestor Ltd increased its holdings in shares of Radian Group by 69.2% during the first quarter. Covestor Ltd now owns 3,646 shares of the insurance provider’s stock worth $122,000 after buying an additional 1,491 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling

In other news, CFO Sumita Pandit sold 3,817 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was 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 SEC, which is available through the SEC website. In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.23, for a total value of $130,655.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $701,030.23. The disclosure for this sale can be found here. Insiders have sold a total of 119,772 shares of company stock worth $4,260,796 in the last 90 days. 2.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Barclays boosted their price target on Radian Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Royal Bank of Canada upped their price target on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Finally, Roth Mkm raised their price objective 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.90.

Radian Group Stock Down 1.3 %

Radian Group stock opened at $34.24 on Wednesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average price of $35.16 and a 200-day moving average price of $32.72. Radian Group Inc. has a twelve month low of $24.56 and a twelve month high of $37.86. The company has a market capitalization of $5.16 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.89 and a beta of 1.05.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.87 by $0.12. The company had revenue of $312.37 million during the quarter, compared to analyst estimates of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. As a group, equities analysts predict that Radian Group Inc. will post 3.75 EPS for the current year.

Radian Group Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Monday, August 26th. Radian Group’s dividend payout ratio (DPR) is presently 25.93%.

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.