Thrivent Financial for Lutherans Acquires 25,862 Shares of Radian Group Inc. (NYSE:RDN)

Thrivent Financial for Lutherans increased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 0.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,133,020 shares of the insurance provider’s stock after purchasing an additional 25,862 shares during the period. Thrivent Financial for Lutherans’ holdings in Radian Group were worth $97,437,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Norges Bank bought a new stake in shares of Radian Group during the fourth quarter worth $53,792,000. Hsbc Holdings PLC bought a new stake in Radian Group during the 4th quarter worth $25,565,000. Vest Financial LLC increased its holdings in Radian Group by 6,836.0% in the 1st quarter. Vest Financial LLC now owns 585,886 shares of the insurance provider’s stock worth $19,610,000 after purchasing an additional 577,439 shares in the last quarter. American Century Companies Inc. raised its position in Radian Group by 18.2% in the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock valued at $88,136,000 after purchasing an additional 435,751 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Radian Group by 25.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,801,916 shares of the insurance provider’s stock valued at $51,445,000 after purchasing an additional 362,409 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Stock Down 1.0 %

Radian Group stock opened at $35.09 on Friday. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 1.80 and a beta of 1.05. Radian Group Inc. has a 52-week low of $24.56 and a 52-week high of $37.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a 50 day moving average price of $35.14 and a two-hundred day moving average price of $32.54.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The business had revenue of $312.37 million during the quarter, compared to the consensus estimate of $324.00 million. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. Equities analysts predict that Radian Group Inc. will post 3.75 EPS for the current year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Monday, August 26th. Radian Group’s dividend payout ratio is 25.93%.

Insider Activity at Radian Group

In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of Radian Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.23, for a total value of $130,655.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total value of $130,655.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert Quigley sold 7,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the transaction, the chief accounting officer now owns 48,392 shares in the company, valued at approximately $1,725,174.80. The disclosure for this sale can be found here. Insiders have sold a total of 119,772 shares of company stock worth $4,260,796 in the last 90 days. Corporate insiders own 2.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods raised their price target on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Roth Mkm lifted their price target on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Barclays increased their price objective on Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Radian Group presently has an average rating of “Hold” and an average target price of $35.90.

About Radian Group

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.