Radian Group Inc. $RDN Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 32.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,210 shares of the insurance provider’s stock after selling 20,400 shares during the quarter. New York State Common Retirement Fund’s holdings in Radian Group were worth $1,565,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RDN. Capital Fund Management S.A. acquired a new position in Radian Group during the 2nd quarter valued at about $3,470,000. Campbell & CO Investment Adviser LLC increased its stake in shares of Radian Group by 187.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 47,337 shares of the insurance provider’s stock valued at $1,715,000 after purchasing an additional 30,862 shares during the period. Norges Bank bought a new stake in shares of Radian Group during the second quarter valued at approximately $85,785,000. Allworth Financial LP boosted its position in shares of Radian Group by 1,049.7% during the second quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider’s stock worth $68,000 after buying an additional 1,732 shares during the period. Finally, WINTON GROUP Ltd bought a new position in Radian Group in the 2nd quarter worth approximately $6,399,000. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling

In other Radian Group news, EVP Eric Ray sold 13,957 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total value of $496,869.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Radian Group Trading Down 2.4%

Radian Group stock opened at $32.75 on Tuesday. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 8.17 and a beta of 0.81. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $38.84. The firm’s 50 day moving average price is $34.74 and its two-hundred day moving average price is $34.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, November 24th. Radian Group’s payout ratio is presently 25.44%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RDN. Roth Mkm reaffirmed a “buy” rating and set a $45.00 target price on shares of Radian Group in a research note on Friday, January 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Radian Group from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Thursday, December 18th. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Finally, UBS Group dropped their price target on shares of 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 equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.00.

Radian Group Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.