Robeco Institutional Asset Management B.V. Trims Stock Position in Radian Group Inc. (NYSE:RDN)

Robeco Institutional Asset Management B.V. decreased its stake in Radian Group Inc. (NYSE:RDNFree Report) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 816,022 shares of the insurance provider’s stock after selling 64,224 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Radian Group were worth $25,884,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RDN. KBC Group NV grew its position in shares of Radian Group by 46.5% during the 4th quarter. KBC Group NV now owns 6,565 shares of the insurance provider’s stock valued at $208,000 after acquiring an additional 2,084 shares during the period. Blue Trust Inc. grew its stake in Radian Group by 21.1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 528 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Radian Group by 5.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 29,132 shares of the insurance provider’s stock valued at $924,000 after purchasing an additional 1,532 shares during the last quarter. CX Institutional grew its holdings in shares of Radian Group by 5.8% in the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 451 shares during the period. Finally, Ellsworth Advisors LLC lifted its holdings in Radian Group by 7.8% in the fourth quarter. Ellsworth Advisors LLC now owns 20,240 shares of the insurance provider’s stock valued at $642,000 after acquiring an additional 1,464 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RDN. Keefe, Bruyette & Woods cut their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Barclays upped their target price on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.30.

Get Our Latest Report on Radian Group

Insider Buying and Selling at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Trading Up 1.8 %

Shares of RDN opened at $34.60 on Friday. The stock has a 50-day moving average price of $33.20 and a 200 day moving average price of $34.21. The company has a market capitalization of $5.15 billion, a P/E ratio of 8.96, a P/E/G ratio of 1.81 and a beta of 1.06. Radian Group Inc. has a one year low of $26.11 and a one year high of $37.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01.

Radian Group (NYSE:RDNGet Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.88 by $0.15. The company had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. Sell-side analysts forecast that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a $0.245 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.83%. Radian Group’s dividend payout ratio (DPR) is 25.39%.

About Radian Group

(Free Report)

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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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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