Maryland State Retirement & Pension System Has $705,000 Stake in Radian Group Inc. $RDN

Maryland State Retirement & Pension System reduced its position in Radian Group Inc. (NYSE:RDN) by 50.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,473 shares of the insurance provider’s stock after selling 20,006 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Radian Group were worth $705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RDN. Financial Consulate Inc. acquired a new position in shares of Radian Group in the 3rd quarter valued at $29,000. Geneos Wealth Management Inc. increased its stake in Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 572 shares during the period. Salomon & Ludwin LLC bought a new stake in Radian Group in the third quarter valued at about $33,000. Headlands Technologies LLC acquired a new position in Radian Group in the second quarter worth about $50,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Radian Group by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 901 shares during the period. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In other news, EVP Eric Ray sold 13,957 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total transaction of $496,869.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.01% of the company’s stock.

Radian Group Price Performance

Radian Group stock opened at $33.48 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market cap of $4.54 billion, a P/E ratio of 8.35 and a beta of 0.82. The business’s fifty day moving average is $35.27 and its two-hundred day moving average is $34.79. Radian Group Inc. has a 52 week low of $29.32 and a 52 week high of $38.84.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. Radian Group had a return on equity of 13.29% and a net margin of 45.90%.The company had revenue of $303.19 million during the quarter, compared to analyst estimates of $308.77 million. During the same period last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. Equities research analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, November 24th. Radian Group’s dividend payout ratio (DPR) is presently 25.44%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RDN. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. UBS Group decreased their price target on Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Roth Mkm reiterated a “buy” rating and set a $45.00 price objective on shares of Radian Group in a research note on Friday, January 2nd. Weiss Ratings downgraded shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Radian Group from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.00.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.