Robeco Institutional Asset Management B.V. trimmed its stake in Radian Group Inc. (NYSE:RDN – Free Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 816,022 shares of the insurance provider’s stock after selling 64,224 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.55% of Radian Group worth $25,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in RDN. V Square Quantitative Management LLC purchased a new stake in shares of Radian Group in the third quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in shares of Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after buying an additional 1,949 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Radian Group during the 2nd quarter worth $116,000. KBC Group NV raised its holdings 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 acquiring an additional 716 shares in the last quarter. Finally, Forum Financial Management LP bought a new stake in shares of Radian Group in the third quarter valued at about $201,000. 95.33% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.16% of the company’s stock.
Radian Group Stock Up 1.8 %
Radian Group (NYSE:RDN – Get Free Report) last released 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 business had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. On average, equities analysts anticipate that Radian Group Inc. will post 4 earnings per share for the current fiscal year.
Radian Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Monday, November 25th. Radian Group’s dividend payout ratio (DPR) is presently 25.39%.
Analyst Ratings Changes
RDN has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Barclays boosted their price objective on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $36.30.
Read Our Latest Stock Report on RDN
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.
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