State of Alaska Department of Revenue decreased its holdings in Radian Group Inc. (NYSE:RDN – Free Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,642 shares of the insurance provider’s stock after selling 1,196 shares during the period. State of Alaska Department of Revenue owned 0.06% of Radian Group worth $2,684,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDN. V Square Quantitative Management LLC purchased a new stake in shares of Radian Group in the third quarter valued at $27,000. Blue Trust Inc. grew its holdings in Radian Group by 352.4% during 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. Cubist Systematic Strategies LLC purchased a new stake in Radian Group in the 2nd quarter worth about $116,000. KBC Group NV lifted its stake in Radian Group by 19.0% in the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 716 shares during the last quarter. Finally, Forum Financial Management LP purchased a new position in shares of Radian Group during the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.
Radian Group Stock Down 1.9 %
NYSE:RDN opened at $32.96 on Monday. The company has a current ratio of 0.46, a quick ratio of 2.01 and a debt-to-equity ratio of 0.35. Radian Group Inc. has a twelve month low of $26.11 and a twelve month high of $37.86. The company has a market cap of $4.91 billion, a PE ratio of 8.39, a P/E/G ratio of 1.83 and a beta of 1.06. The company’s 50 day moving average is $33.00 and its two-hundred day moving average is $34.16.
Radian Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group’s dividend payout ratio is currently 24.94%.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods decreased their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.30.
Read Our Latest Analysis on Radian Group
Insider Buying and Selling
In other Radian Group news, insider Derek Brummer sold 14,705 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.16% of the stock is currently owned by insiders.
Radian Group Company 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.
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