Vest Financial LLC Has $23.22 Million Holdings in Radian Group Inc. (NYSE:RDN)

Vest Financial LLC raised its stake in shares of Radian Group Inc. (NYSE:RDN) by 27.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 746,664 shares of the insurance provider’s stock after purchasing an additional 160,778 shares during the period. Vest Financial LLC owned approximately 0.50% of Radian Group worth $23,221,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RDN. Norges Bank bought a new position in shares of Radian Group in the fourth quarter valued at approximately $53,792,000. Hsbc Holdings PLC bought a new stake in shares of Radian Group in the 4th quarter worth $25,565,000. American Century Companies Inc. raised its holdings in shares of 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 purchasing an additional 435,751 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Radian Group by 25.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,801,916 shares of the insurance provider’s stock valued at $51,445,000 after purchasing an additional 362,409 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Radian Group by 29.2% during the fourth quarter. First Trust Advisors LP now owns 1,192,595 shares of the insurance provider’s stock worth $34,049,000 after purchasing an additional 269,209 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Transactions at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the 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 sale, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Sumita Pandit sold 3,817 shares of the firm’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 transaction of $130,655.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Derek Brummer sold 35,153 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the sale, the insider now directly owns 186,535 shares in the company, valued at $6,595,877.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,772 shares of company stock valued at $4,260,796. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Stock Down 2.8 %

Shares of NYSE RDN opened at $33.77 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $5.09 billion, a PE ratio of 8.93, a P/E/G ratio of 1.86 and a beta of 1.05. Radian Group Inc. has a one year low of $24.56 and a one year high of $37.86. The business’s fifty day moving average price is $34.61 and its 200-day moving average price is $32.21.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.12. The firm had revenue of $312.37 million for the quarter, compared to the consensus estimate of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. On average, equities research analysts anticipate that Radian Group Inc. will post 3.75 EPS for the current year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group’s dividend payout ratio is presently 25.93%.

Analysts Set New Price Targets

Several research firms have commented on RDN. Keefe, Bruyette & Woods lifted their target price on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Roth Mkm boosted their price objective on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. UBS Group raised their target price on Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Royal Bank of Canada lifted their target price on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Finally, Barclays increased their price target on shares of Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $35.90.

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.