Mutual of America Capital Management LLC Has $785,000 Holdings in Radian Group Inc. (NYSE:RDN)

Mutual of America Capital Management LLC trimmed its stake in shares of Radian Group Inc. (NYSE:RDN) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,624 shares of the insurance provider’s stock after selling 2,126 shares during the period. Mutual of America Capital Management LLC’s holdings in Radian Group were worth $785,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Assenagon Asset Management S.A. boosted its position in Radian Group by 272.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock valued at $28,725,000 after buying an additional 605,956 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Radian Group by 460.4% during the second quarter. Point72 Asset Management L.P. now owns 660,693 shares of the insurance provider’s stock valued at $20,548,000 after acquiring an additional 542,801 shares during the period. American Century Companies Inc. boosted its holdings in Radian Group by 18.2% in the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock valued at $88,136,000 after acquiring an additional 435,751 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Radian Group in the second quarter valued at about $6,273,000. Finally, WINTON GROUP Ltd increased its position in Radian Group by 509.5% in the second quarter. WINTON GROUP Ltd now owns 212,295 shares of the insurance provider’s stock worth $6,602,000 after purchasing an additional 177,466 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. The trade was a 15.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.16% of the stock is owned by insiders.

Radian Group Stock Down 0.8 %

Shares of NYSE RDN opened at $35.19 on Wednesday. Radian Group Inc. has a 52-week low of $24.92 and a 52-week high of $37.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market cap of $5.24 billion, a P/E ratio of 9.05, a P/E/G ratio of 1.75 and a beta of 1.04. The firm has a 50 day moving average price of $34.43 and a 200 day moving average price of $33.59.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 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 during the quarter, compared to analysts’ expectations of $320.30 million. Analysts expect that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently disclosed 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. This represents a $0.98 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, November 25th. Radian Group’s dividend payout ratio (DPR) is presently 25.39%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Roth Mkm raised 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. Barclays lifted their target price on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada upped their target price 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, Keefe, Bruyette & Woods raised their price target on Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.