Radian Group Inc. $RDN Shares Sold by Schubert & Co

Schubert & Co cut its position in Radian Group Inc. (NYSE:RDN) by 39.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,849 shares of the insurance provider’s stock after selling 5,801 shares during the quarter. Schubert & Co’s holdings in Radian Group were worth $319,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RDN. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Radian Group in the 2nd quarter valued at about $69,714,000. Jane Street Group LLC lifted its position in Radian Group by 11,446.4% during the 1st quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider’s stock worth $43,339,000 after acquiring an additional 1,299,167 shares during the period. Nuveen LLC acquired a new stake in Radian Group during the 1st quarter worth approximately $40,749,000. Millennium Management LLC acquired a new stake in Radian Group during the 1st quarter worth approximately $27,282,000. Finally, Deutsche Bank AG lifted its position in Radian Group by 161.9% during the 1st quarter. Deutsche Bank AG now owns 553,737 shares of the insurance provider’s stock worth $18,312,000 after acquiring an additional 342,330 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Edward J. Hoffman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the transaction, the executive vice president directly owned 153,708 shares of the company’s stock, valued at $5,687,196. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RDN has been the subject of a number of recent research reports. UBS Group decreased their price objective on Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods cut Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a research report on Monday, July 7th. Barclays increased their price objective on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research report on Monday, October 6th. Zacks Research raised Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Radian Group in a research report on Wednesday, October 8th. Two investment 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 stock. According to MarketBeat, Radian Group has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Radian Group Stock Up 1.0%

RDN opened at $33.06 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.68 and a quick ratio of 1.68. The business has a 50 day simple moving average of $34.98 and a 200-day simple moving average of $34.10. The stock has a market capitalization of $4.48 billion, a P/E ratio of 8.33 and a beta of 0.73. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $38.84.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. The business had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $321.97 million. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. On average, equities analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, August 25th. Radian Group’s dividend payout ratio (DPR) is presently 25.69%.

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.