Radian Group Inc. $RDN Stock Holdings Lessened by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in Radian Group Inc. (NYSE:RDN) by 44.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,351 shares of the insurance provider’s stock after selling 22,120 shares during the quarter. State of Alaska Department of Revenue’s holdings in Radian Group were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC increased its position in Radian Group by 10.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 14,065 shares of the insurance provider’s stock valued at $431,000 after purchasing an additional 1,344 shares during the period. GAMMA Investing LLC lifted its position in shares of Radian Group by 4.1% in the 3rd quarter. GAMMA Investing LLC now owns 11,613 shares of the insurance provider’s stock worth $355,000 after purchasing an additional 462 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Radian Group by 11.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,540 shares of the insurance provider’s stock worth $284,000 after purchasing an additional 747 shares during the period. Tidal Investments LLC boosted its stake in shares of Radian Group by 374.1% during the 2nd quarter. Tidal Investments LLC now owns 33,498 shares of the insurance provider’s stock valued at $1,262,000 after purchasing an additional 26,432 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Radian Group during the 2nd quarter valued at about $44,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on RDN shares. Barclays raised their price objective on shares of Radian Group from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, October 5th. Weiss Ratings downgraded Radian Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, October 13th. Wall Street Zen lowered Radian Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Zacks Research raised Radian Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Finally, Keefe, Bruyette & Woods lowered their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Radian Group has an average rating of “Moderate Buy” and a consensus target price of $43.14.

Radian Group Stock Down 2.1%

Shares of Radian Group stock opened at $33.95 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60. The company has a 50-day moving average of $35.02 and a 200 day moving average of $35.93. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 0.86 and a beta of 0.71. Radian Group Inc. has a 1 year low of $30.53 and a 1 year high of $41.05.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Radian Group had a net margin of 32.60% and a return on equity of 13.65%. The business had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $556.55 million. During the same period last year, the business earned $1.01 earnings per share. The company’s revenue was up 92.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Radian Group Inc. will post 4.85 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were paid a dividend of $0.2550 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. Radian Group’s dividend payout ratio (DPR) is currently 26.22%.

Insider Activity

In other news, EVP Meghan Bartholomew sold 7,812 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $35.94, for a total value of $280,763.28. Following the sale, the executive vice president directly owned 39,203 shares of the company’s stock, valued at $1,408,955.82. The trade was a 16.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.03% of the company’s stock.

About Radian Group

Radian Group Inc (NYSE:RDN) is a financial services company that provides mortgage insurance and related services to the residential real estate industry. Through its mortgage insurance subsidiaries, including Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, particularly loans made to borrowers with smaller down payments. Its insurance can also help borrowers obtain home financing without contributing a traditional 20% down payment.

Radian’s mortgage insurance business serves mortgage lenders, banks, credit unions and other housing finance participants primarily in the United States.