Rhumbline Advisers Sells 16,078 Shares of Radian Group Inc. $RDN

Rhumbline Advisers trimmed its holdings in Radian Group Inc. (NYSE:RDN) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 434,985 shares of the insurance provider’s stock after selling 16,078 shares during the period. Rhumbline Advisers’ holdings in Radian Group were worth $15,755,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in shares of Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 572 shares during the last quarter. Financial Consulate Inc. bought a new position in Radian Group during the third quarter valued at about $29,000. Bessemer Group Inc. lifted its position in shares of Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after buying an additional 318 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Radian Group during the 3rd quarter worth about $33,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Radian Group by 178.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,224 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 784 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Activity

In related news, EVP Eric Ray sold 13,957 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was 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 the SEC website. Corporate insiders own 2.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RDN. Zacks Research lowered 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. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $41.00 to $42.00 in a report on Wednesday, February 11th. Finally, Roth Mkm reiterated a “buy” rating and issued a $45.00 target price on shares of Radian Group in a report on Friday, January 2nd. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Radian Group presently has an average rating of “Hold” and a consensus target price of $40.20.

Radian Group Stock Performance

NYSE RDN opened at $32.38 on Thursday. The company’s fifty day moving average is $34.49 and its two-hundred day moving average is $34.67. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $38.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 8.08 and a beta of 0.81.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, February 18th. The insurance provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.05. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. The business had revenue of $300.51 million during the quarter, compared to analysts’ expectations of $300.45 million. During the same quarter last year, the company earned $1.09 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, February 23rd. Radian Group’s dividend payout ratio (DPR) is presently 25.44%.

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.