Radian Group Inc. (NYSE:RDN) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. decreased its stake in Radian Group Inc. (NYSE:RDN) by 53.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,290 shares of the insurance provider’s stock after selling 10,880 shares during the period. Everence Capital Management Inc.’s holdings in Radian Group were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RDN. State Street Corp boosted its stake in Radian Group by 2.7% in the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after acquiring an additional 177,142 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Radian Group by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock worth $202,789,000 after buying an additional 121,166 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Radian Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock worth $172,365,000 after buying an additional 89,363 shares during the period. FMR LLC lifted its stake in Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock valued at $124,476,000 after buying an additional 12,834 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Radian Group by 0.8% in the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock valued at $97,437,000 after acquiring an additional 25,862 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays lifted their target price 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.10.

Radian Group Stock Up 0.2 %

Shares of Radian Group stock opened at $31.71 on Wednesday. Radian Group Inc. has a one year low of $26.11 and a one year high of $37.86. The company has a market cap of $4.72 billion, a P/E ratio of 8.22, a PEG ratio of 1.69 and a beta of 1.06. 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 firm has a fifty day moving average of $33.54 and a two-hundred day moving average of $34.08.

Radian Group (NYSE:RDN) last posted its quarterly earnings results 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 net margin of 45.96% and a return on equity of 13.81%. The firm had revenue of $319.05 million during the quarter, compared to analysts’ expectations of $320.30 million. On average, analysts forecast that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a $0.245 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.09%. Radian Group’s dividend payout ratio (DPR) is presently 25.39%.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.16% of the stock is currently owned by corporate insiders.

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.