Radian Group Inc. (NYSE:RDN) Shares Sold by MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income reduced its position in Radian Group Inc. (NYSE:RDNGet Rating) by 0.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 439,254 shares of the insurance provider’s stock after selling 4,200 shares during the quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s holdings in Radian Group were worth $9,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RDN. Allspring Global Investments Holdings LLC acquired a new position in shares of Radian Group in the 4th quarter valued at about $1,948,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Radian Group by 16.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 130,938 shares of the insurance provider’s stock valued at $2,767,000 after buying an additional 18,279 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Radian Group by 50.5% during the 4th quarter. Qube Research & Technologies Ltd now owns 86,288 shares of the insurance provider’s stock valued at $1,823,000 after buying an additional 28,950 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Radian Group by 33.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,534 shares of the insurance provider’s stock valued at $497,000 after buying an additional 5,844 shares during the period. Finally, Virginia Retirement Systems ET AL raised its holdings in shares of Radian Group by 4.5% during the 4th quarter. Virginia Retirement Systems ET AL now owns 91,300 shares of the insurance provider’s stock valued at $1,929,000 after buying an additional 3,900 shares during the period. 95.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RDN shares. BTIG Research dropped their target price on Radian Group from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, July 8th. StockNews.com downgraded Radian Group from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Finally, Keefe, Bruyette & Woods downgraded Radian Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $28.00 to $27.00 in a report on Monday, July 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Radian Group currently has an average rating of “Hold” and an average target price of $27.58.

Radian Group Stock Performance

Shares of NYSE RDN traded up $0.07 during trading on Friday, reaching $22.38. The stock had a trading volume of 1,255,888 shares, compared to its average volume of 1,412,811. Radian Group Inc. has a one year low of $17.97 and a one year high of $24.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $3.87 billion, a PE ratio of 5.74, a P/E/G ratio of 1.07 and a beta of 1.22. The firm’s 50 day moving average price is $20.61 and its two-hundred day moving average price is $21.80.

Radian Group (NYSE:RDNGet Rating) last released its quarterly earnings data on Monday, August 1st. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.60. Radian Group had a return on equity of 19.49% and a net margin of 56.45%. The business had revenue of $286.83 million during the quarter, compared to analyst estimates of $323.39 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was down 14.9% compared to the same quarter last year. On average, research analysts forecast that Radian Group Inc. will post 4.18 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 3rd. Investors of record on Monday, May 23rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 20th. This represents a $0.80 dividend on an annualized basis and a yield of 3.57%. Radian Group’s dividend payout ratio is currently 20.51%.

Insider Activity at Radian Group

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the business’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $20.87, for a total transaction of $208,700.00. Following the completion of the transaction, the executive vice president now owns 126,416 shares in the company, valued at approximately $2,638,301.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the business’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $20.87, for a total transaction of $208,700.00. Following the completion of the transaction, the executive vice president now owns 126,416 shares in the company, valued at approximately $2,638,301.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Howard Bernard Culang sold 5,982 shares of the company’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $21.60, for a total value of $129,211.20. Following the completion of the sale, the chairman now owns 8,050 shares of the company’s stock, valued at approximately $173,880. The disclosure for this sale can be found here. Insiders sold 31,962 shares of company stock worth $680,379 in the last 90 days. 1.42% of the stock is currently owned by company insiders.

Radian Group Company Profile

(Get Rating)

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting, and fulfillment solutions.

Featured Articles

Want to see what other hedge funds are holding RDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Radian Group Inc. (NYSE:RDNGet Rating).

Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

Receive News & Ratings for Radian Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radian Group and related companies with MarketBeat.com's FREE daily email newsletter.