Radian Group Inc. $RDN Shares Sold by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd reduced its holdings in shares of Radian Group Inc. (NYSE:RDN) by 53.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,912 shares of the insurance provider’s stock after selling 22,808 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Radian Group were worth $717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of RDN. Pinnacle Wealth Planning Services Inc. acquired a new stake in Radian Group in the 2nd quarter worth approximately $203,000. Creative Planning increased its stake in Radian Group by 18.0% during the 2nd quarter. Creative Planning now owns 15,634 shares of the insurance provider’s stock valued at $563,000 after purchasing an additional 2,381 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Radian Group by 2.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 32,380 shares of the insurance provider’s stock worth $1,166,000 after buying an additional 626 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Radian Group during the second quarter worth $497,000. Finally, Allworth Financial LP grew its holdings 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 valued at $68,000 after buying an additional 1,732 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Stock Up 1.3%

Shares of RDN opened at $34.95 on Friday. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 8.80 and a beta of 0.81. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $38.84. The stock’s 50-day moving average price is $34.72 and its 200-day moving average price is $34.52. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.54.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The company had revenue of $303.19 million during the quarter, compared to the consensus estimate of $308.77 million. During the same period in the previous year, the company posted $1.03 earnings per share. Radian Group’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, sell-side analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. Radian Group’s dividend payout ratio is 25.44%.

Insider Buying and Selling

In related news, EVP Edward J. Hoffman sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $37.00, for a total transaction of $370,000.00. Following the sale, the executive vice president owned 153,708 shares in the company, valued at approximately $5,687,196. This trade represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Wall Street Analyst Weigh In

RDN has been the subject of a number of research analyst reports. Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. UBS Group reduced their price objective on Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Barclays lifted their target price on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a report on Monday, October 6th. Finally, Weiss Ratings raised shares of Radian Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Radian Group 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.