Denali Advisors LLC Sells 400 Shares of Radian Group Inc. $RDN

Denali Advisors LLC lessened its holdings in shares of Radian Group Inc. (NYSE:RDN) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,976 shares of the insurance provider’s stock after selling 400 shares during the quarter. Denali Advisors LLC’s holdings in Radian Group were worth $2,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in Radian Group by 11.8% during the 1st quarter. Federated Hermes Inc. now owns 110,772 shares of the insurance provider’s stock valued at $3,663,000 after purchasing an additional 11,648 shares during the period. Natixis Advisors LLC increased its stake in Radian Group by 3.7% in the 1st quarter. Natixis Advisors LLC now owns 290,314 shares of the insurance provider’s stock worth $9,601,000 after acquiring an additional 10,368 shares during the last quarter. Jefferies Financial Group Inc. increased its stake in Radian Group by 169.5% in the 1st quarter. Jefferies Financial Group Inc. now owns 104,717 shares of the insurance provider’s stock worth $3,463,000 after acquiring an additional 65,867 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Radian Group by 16.4% in the 1st quarter. Teacher Retirement System of Texas now owns 39,532 shares of the insurance provider’s stock worth $1,307,000 after acquiring an additional 5,570 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Radian Group by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,780 shares of the insurance provider’s stock worth $489,000 after acquiring an additional 5,182 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Transactions at Radian Group

In related news, EVP Edward J. Hoffman sold 10,000 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the completion of the transaction, the executive vice president owned 153,708 shares in the company, valued at $5,687,196. The trade was a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.16% of the stock is currently owned by insiders.

Radian Group Stock Performance

NYSE RDN opened at $34.02 on Wednesday. The company has a market cap of $4.61 billion, a P/E ratio of 8.57 and a beta of 0.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68. The business’s 50 day moving average price is $34.96 and its 200-day moving average price is $34.12. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The company had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $321.97 million. During the same quarter in the previous year, the business earned $0.98 EPS. Radian Group’s revenue was down .9% compared to the same quarter last year. Sell-side analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were issued a dividend of $0.255 per share. The ex-dividend date was Monday, August 25th. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. Radian Group’s payout ratio is presently 25.69%.

Analysts Set New Price Targets

RDN has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a research note on Wednesday, October 8th. Zacks Research raised Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Keefe, Bruyette & Woods downgraded Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price objective on the stock. in a research note on Monday, July 7th. Barclays boosted their target price on Radian Group from $35.00 to $37.00 and gave the company a “cautious” rating in a research report on Monday, October 6th. Finally, UBS Group cut their target price on Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Radian Group has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.