Radian Group Inc. (NYSE:RDN) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its holdings in Radian Group Inc. (NYSE:RDN) by 49.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,105 shares of the insurance provider’s stock after selling 6,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Radian Group were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in shares of Radian Group during the 3rd quarter worth $27,000. Fifth Third Bancorp raised its holdings in Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after buying an additional 1,160 shares during the period. CWM LLC lifted its stake in Radian Group by 539.9% during the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after buying an additional 1,679 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Radian Group by 37.0% in the second quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after buying an additional 611 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Radian Group by 352.4% in the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 1,949 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RDN. Keefe, Bruyette & Woods upped their price target on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Barclays increased their target price on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Roth Mkm lifted their price target on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada upped their target price on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $36.10.

Insider Activity

In related news, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the sale, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the sale, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric Ray sold 53,791 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,955 shares of company stock worth $4,130,140. 2.16% of the stock is owned by corporate insiders.

Radian Group Stock Up 6.8 %

Shares of Radian Group stock opened at $34.59 on Thursday. The stock has a 50-day simple moving average of $34.69 and a 200-day simple moving average of $33.24. Radian Group Inc. has a 52-week low of $24.92 and a 52-week high of $37.86. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84.

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. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 2.83%. Radian Group’s dividend payout ratio (DPR) is 25.45%.

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.