Stifel Financial Corp Sells 1,232 Shares of Radian Group Inc. (NYSE:RDN)

Stifel Financial Corp decreased its stake in shares of Radian Group Inc. (NYSE:RDN) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,436 shares of the insurance provider’s stock after selling 1,232 shares during the quarter. Stifel Financial Corp’s holdings in Radian Group were worth $327,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in Radian Group during the third quarter worth about $27,000. Blue Trust Inc. grew its holdings in shares of Radian Group by 352.4% during the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 1,949 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Radian Group during the second quarter valued at approximately $116,000. KBC Group NV raised its stake in shares of Radian Group by 19.0% in the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 716 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Radian Group in the second quarter valued at $180,000. Institutional investors own 95.33% of the company’s stock.

Radian Group Trading Down 0.9 %

Shares of RDN opened at $31.82 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The stock has a market cap of $4.74 billion, a PE ratio of 8.24, a PEG ratio of 1.69 and a beta of 1.04. Radian Group Inc. has a 1 year low of $26.11 and a 1 year high of $37.86. The stock has a 50 day simple moving average of $33.88 and a 200-day simple moving average of $33.96.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.15. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. The firm had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. On average, sell-side analysts predict that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 3.08%. The ex-dividend date was Monday, November 25th. Radian Group’s dividend payout ratio is currently 25.39%.

Analyst Ratings Changes

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

Insider Buying and Selling at Radian Group

In related news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.16% of the company’s stock.

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.