Robeco Institutional Asset Management B.V. Sells 32,529 Shares of Radian Group Inc. $RDN

Robeco Institutional Asset Management B.V. cut its holdings in shares of Radian Group Inc. (NYSE:RDN) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 526,602 shares of the insurance provider’s stock after selling 32,529 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.40% of Radian Group worth $16,119,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RDN. IFP Advisors Inc boosted its position in shares of Radian Group by 109.3% during the 2nd quarter. IFP Advisors Inc now owns 672 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 351 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Radian Group by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 37,602 shares of the insurance provider’s stock worth $1,416,000 after acquiring an additional 387 shares in the last quarter. GAMMA Investing LLC grew its holdings in Radian Group by 4.1% during the 3rd quarter. GAMMA Investing LLC now owns 11,613 shares of the insurance provider’s stock worth $355,000 after acquiring an additional 462 shares during the last quarter. Root Financial Partners LLC grew its holdings in Radian Group by 67.3% during the 1st quarter. Root Financial Partners LLC now owns 1,288 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 518 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in Radian Group by 3.1% in the 4th quarter. Corient Private Wealth LLC now owns 21,249 shares of the insurance provider’s stock valued at $765,000 after acquiring an additional 647 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of Radian Group from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, October 5th. BTIG Research assumed coverage on Radian Group in a research note on Tuesday, September 22nd. They set a “buy” rating and a $48.00 price objective on the stock. Zacks Research upgraded shares of Radian Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. Wall Street Zen downgraded Radian Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.14.

Radian Group Stock Up 3.0%

RDN opened at $35.74 on Friday. Radian Group Inc. has a 1-year low of $30.53 and a 1-year high of $41.05. The stock’s fifty day simple moving average is $34.95 and its 200 day simple moving average is $35.93. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14. The stock has a market cap of $4.73 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 0.86 and a beta of 0.71.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%. The company had revenue of $574.96 million for the quarter, compared to the consensus estimate of $556.55 million. During the same period last year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was up 92.3% compared to the same quarter last year. As a group, research analysts expect that Radian Group Inc. will post 4.85 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were issued a $0.2550 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.02 annualized dividend and a yield of 2.9%. Radian Group’s payout ratio is currently 26.22%.

Insider Buying and Selling at Radian Group

In other news, EVP Meghan Bartholomew sold 7,812 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $35.94, for a total transaction of $280,763.28. Following the sale, the executive vice president directly owned 39,203 shares of the company’s stock, valued at approximately $1,408,955.82. This represents a 16.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.03% of the company’s stock.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a financial services company that provides mortgage insurance and related services to the residential real estate industry. Through its mortgage insurance subsidiaries, including Radian Guaranty Inc, the company helps lenders manage credit risk on residential mortgages, particularly loans made to borrowers with smaller down payments. Its insurance can also help borrowers obtain home financing without contributing a traditional 20% down payment.

Radian’s mortgage insurance business serves mortgage lenders, banks, credit unions and other housing finance participants primarily in the United States.