First Eagle Investment Management LLC Lowers Position in Radian Group Inc. $RDN

First Eagle Investment Management LLC lessened its holdings in shares of Radian Group Inc. (NYSE:RDN) by 10.3% during the second quarter, HoldingsChannel reports. The fund owned 261,061 shares of the insurance provider’s stock after selling 30,012 shares during the period. First Eagle Investment Management LLC’s holdings in Radian Group were worth $9,403,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Paulson Wealth Management Inc. acquired a new position in Radian Group during the second quarter worth $229,000. Teacher Retirement System of Texas increased its position in shares of Radian Group by 5.1% in the second quarter. Teacher Retirement System of Texas now owns 41,563 shares of the insurance provider’s stock valued at $1,497,000 after buying an additional 2,031 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in Radian Group by 572.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 136,065 shares of the insurance provider’s stock worth $4,901,000 after acquiring an additional 115,826 shares during the last quarter. AlphaQuest LLC raised its position in shares of Radian Group by 337.1% during the 2nd quarter. AlphaQuest LLC now owns 69,523 shares of the insurance provider’s stock worth $2,504,000 after purchasing an additional 53,619 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Radian Group in the second quarter worth $69,714,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Activity at Radian Group

In related news, EVP Edward J. Hoffman sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $37.00, for a total value of $370,000.00. Following the transaction, the executive vice president directly owned 153,708 shares in the company, valued at approximately $5,687,196. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings downgraded Radian Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. UBS Group lowered their target price on Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Finally, Barclays lifted their price target on shares of Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Radian Group currently has an average rating of “Hold” and an average target price of $38.00.

Radian Group Stock Performance

Shares of NYSE RDN opened at $34.92 on Friday. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $38.84. The firm has a market cap of $4.73 billion, a P/E ratio of 8.80 and a beta of 0.81. The stock has a fifty day moving average price of $34.73 and a two-hundred day moving average price of $34.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Tuesday, November 4th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.20. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The firm had revenue of $303.19 million for the quarter, compared to the consensus estimate of $308.77 million. During the same quarter in the previous year, the company earned $1.03 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, August 25th. Radian Group’s dividend payout ratio is 25.44%.

About Radian Group

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.