Robeco Institutional Asset Management B.V. Reduces Stake in Radian Group Inc. (NYSE:RDN)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Radian Group Inc. (NYSE:RDN) by 31.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,162,068 shares of the insurance provider’s stock after selling 532,697 shares during the period. Robeco Institutional Asset Management B.V. owned 0.76% of Radian Group worth $33,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDN. Hexagon Capital Partners LLC boosted its stake in Radian Group by 145.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 557 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Radian Group in the fourth quarter worth $101,000. CI Investments Inc. bought a new position in shares of Radian Group during the third quarter valued at $148,000. International Assets Investment Management LLC raised its position in shares of Radian Group by 923.0% in the 4th quarter. International Assets Investment Management LLC now owns 5,258 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 4,744 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. bought a new position in Radian Group in the 4th quarter worth about $200,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

NYSE RDN traded down $0.14 during trading hours on Friday, hitting $31.58. The company’s stock had a trading volume of 781,113 shares, compared to its average volume of 698,136. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market cap of $4.76 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 1.80 and a beta of 1.03. The company’s 50 day simple moving average is $31.29 and its two-hundred day simple moving average is $28.97. Radian Group Inc. has a 12 month low of $24.34 and a 12 month high of $33.69.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The company had revenue of $319.42 million for the quarter, compared to the consensus estimate of $314.76 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that Radian Group Inc. will post 3.52 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $35.00 target price (down from $36.00) on shares of Radian Group in a report on Thursday, April 4th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, Radian Group currently has an average rating of “Hold” and an average price target of $30.00.

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.