HighTower Advisors LLC Decreases Stake in Radian Group Inc. (NYSE:RDN)

HighTower Advisors LLC lessened its position in shares of Radian Group Inc. (NYSE:RDN) by 9.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,924 shares of the insurance provider’s stock after selling 830 shares during the quarter. HighTower Advisors LLC’s holdings in Radian Group were worth $274,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System lifted its position in Radian Group by 0.8% during the second quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock valued at $1,319,000 after purchasing an additional 321 shares during the last quarter. Xponance Inc. raised its position in shares of Radian Group by 2.5% during the 2nd quarter. Xponance Inc. now owns 13,121 shares of the insurance provider’s stock valued at $408,000 after buying an additional 321 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Radian Group by 1.1% in the 3rd quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider’s stock valued at $1,089,000 after acquiring an additional 339 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Radian Group by 1.3% in the third quarter. Harbor Capital Advisors Inc. now owns 45,701 shares of the insurance provider’s stock worth $1,585,000 after acquiring an additional 589 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in Radian Group by 9.9% during the third quarter. First Trust Direct Indexing L.P. now owns 7,200 shares of the insurance provider’s stock worth $250,000 after acquiring an additional 650 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Radian Group Trading Down 0.7 %

NYSE:RDN opened at $31.83 on Tuesday. The company has a market capitalization of $4.74 billion, a P/E ratio of 8.25, a PEG ratio of 1.69 and a beta of 1.04. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a 12 month low of $26.11 and a 12 month high of $37.86. The firm has a fifty day simple moving average of $34.15 and a 200-day simple moving average of $33.97.

Radian Group (NYSE:RDN) last released its quarterly earnings data 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 business had revenue of $319.05 million for the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. On average, equities research analysts anticipate that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued 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 3.08%. Radian Group’s payout ratio is 25.39%.

Analyst Upgrades and Downgrades

Separately, Barclays boosted 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.10.

Insiders Place Their Bets

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their position. 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 company insiders.

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.