Thrivent Financial for Lutherans Sells 46,447 Shares of Radian Group Inc. (NYSE:RDN)

Thrivent Financial for Lutherans reduced its stake in shares of Radian Group Inc. (NYSE:RDN) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,900,539 shares of the insurance provider’s stock after selling 46,447 shares during the quarter. Thrivent Financial for Lutherans owned 1.95% of Radian Group worth $92,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Picton Mahoney Asset Management grew its stake in shares of Radian Group by 54.3% in the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 342 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 485 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 1,320 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock worth $76,000 after purchasing an additional 2,119 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Radian Group by 21.1% in the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 528 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the transaction, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RDN. UBS Group raised their target price on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods cut their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.80.

Radian Group Stock Performance

Radian Group stock opened at $31.43 on Wednesday. The stock’s 50 day simple moving average is $32.61 and its two-hundred day simple moving average is $33.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.73 and a beta of 1.04. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.25%. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

Radian Group Company 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.