Public Sector Pension Investment Board Reduces Position in Radian Group Inc. (NYSE:RDN)

Public Sector Pension Investment Board lessened its holdings in shares of Radian Group Inc. (NYSE:RDN) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,141 shares of the insurance provider’s stock after selling 12,200 shares during the period. Public Sector Pension Investment Board owned 0.21% of Radian Group worth $11,071,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in Radian Group during the 3rd quarter valued at about $27,000. Fifth Third Bancorp grew its stake in Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 1,160 shares in the last quarter. CWM LLC boosted its holdings in Radian Group by 539.9% in the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 1,679 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in Radian Group by 37.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock valued at $70,000 after purchasing an additional 611 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 1,949 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

Shares of RDN stock opened at $35.54 on Friday. The firm’s 50 day moving average price is $34.44 and its 200-day moving average price is $33.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. Radian Group Inc. has a one year low of $24.92 and a one year high of $37.86. The firm has a market cap of $5.29 billion, a P/E ratio of 9.21, a P/E/G ratio of 1.78 and a beta of 1.04.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The firm had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. As a group, equities research analysts predict that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Monday, November 25th. Radian Group’s payout ratio is currently 25.39%.

Analyst Upgrades and Downgrades

RDN has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Roth Mkm boosted their target price on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada boosted their target price on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.10.

Insider Buying and Selling

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 of the company’s stock, valued at approximately $6,595,877.60. This represents a 15.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.16% of the stock is owned by insiders.

About Radian Group

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.