Sei Investments Co. Reduces Stock Holdings in Radian Group Inc. (NYSE:RDN)

Sei Investments Co. decreased its position in Radian Group Inc. (NYSE:RDN) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,265 shares of the insurance provider’s stock after selling 5,531 shares during the period. Sei Investments Co. owned about 0.08% of Radian Group worth $3,585,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. EMG Holdings L.P. purchased a new stake in shares of Radian Group during the second quarter worth $2,347,000. XTX Topco Ltd bought a new position in shares of Radian Group in the second quarter worth $410,000. First Eagle Investment Management LLC increased its holdings in shares of Radian Group by 6.7% in the second quarter. First Eagle Investment Management LLC now owns 472,973 shares of the insurance provider’s stock worth $14,709,000 after purchasing an additional 29,500 shares during the period. Seven Eight Capital LP bought a new position in shares of Radian Group in the second quarter worth $344,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Radian Group by 4.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,286 shares of the insurance provider’s stock worth $630,000 after purchasing an additional 955 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Activity at Radian Group

In related news, COO Mary Dickerson sold 19,511 shares of Radian Group stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total transaction of $701,030.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Eric Ray sold 53,791 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total transaction of $1,918,724.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Mary Dickerson sold 19,511 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total transaction of $701,030.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on RDN shares. Royal Bank of Canada increased their target price 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. Roth Mkm upped their price target on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barclays upped their price target on shares of Radian Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.90.

Radian Group Price Performance

Shares of RDN opened at $34.37 on Thursday. The company has a market capitalization of $5.18 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $35.13 and a 200 day moving average of $32.74. Radian Group Inc. has a twelve month low of $24.56 and a twelve month high of $37.86.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. The company had revenue of $312.37 million during the quarter, compared to the consensus estimate of $324.00 million. As a group, equities research analysts anticipate that Radian Group Inc. will post 3.75 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Monday, August 26th. Radian Group’s dividend payout ratio is presently 25.93%.

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.