Stifel Financial Corp lessened its position in Radian Group Inc. (NYSE:RDN) by 16.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,923 shares of the insurance provider’s stock after selling 2,469 shares during the quarter. Stifel Financial Corp’s holdings in Radian Group were worth $212,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Amalgamated Bank lifted its position in shares of Radian Group by 1.4% in the 2nd quarter. Amalgamated Bank now owns 27,445 shares of the insurance provider’s stock valued at $449,000 after acquiring an additional 376 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Radian Group by 2.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 17,291 shares of the insurance provider’s stock valued at $283,000 after buying an additional 485 shares during the period. OxFORD Asset Management LLP increased its stake in Radian Group by 3.6% in the 2nd quarter. OxFORD Asset Management LLP now owns 15,824 shares of the insurance provider’s stock valued at $259,000 after buying an additional 555 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Radian Group by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock valued at $127,000 after buying an additional 803 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Radian Group by 3.5% in the 2nd quarter. Principal Financial Group Inc. now owns 26,881 shares of the insurance provider’s stock valued at $440,000 after buying an additional 904 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

In related news, CEO Richard G. Thornberry purchased 5,000 shares of Radian Group stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $16.54 per share, with a total value of $82,700.00. Following the acquisition, the chief executive officer now directly owns 20,000 shares in the company, valued at $330,800. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Catherine Mary Jackson sold 17,130 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $17.22, for a total transaction of $294,978.60. Following the completion of the sale, the senior vice president now directly owns 80,720 shares of the company’s stock, valued at $1,389,998.40. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on RDN shares. Barclays PLC reiterated an “overweight” rating and issued a $24.00 price objective (down previously from $25.00) on shares of Radian Group in a research note on Wednesday, August 2nd. ValuEngine lowered shares of Radian Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded shares of Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, October 10th. Compass Point reiterated a “neutral” rating and issued a $21.25 price objective on shares of Radian Group in a research note on Saturday, October 14th. Finally, BTIG Research reiterated a “buy” rating and issued a $22.00 price objective on shares of Radian Group in a research note on Sunday, October 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Radian Group has a consensus rating of “Buy” and an average target price of $22.59.

Shares of Radian Group Inc. (RDN) opened at $20.21 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $4,341.48, a PE ratio of 11.71, a price-to-earnings-growth ratio of 2.31 and a beta of 1.59.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The business had revenue of $312.05 million during the quarter, compared to the consensus estimate of $321.10 million. Radian Group had a net margin of 14.88% and a return on equity of 13.09%. Radian Group’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. equities analysts predict that Radian Group Inc. will post 1.74 EPS for the current year.

Radian Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 9th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the insurance provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be issued a dividend of $0.002 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Friday, November 24th. Radian Group’s dividend payout ratio is currently 1.28%.

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About Radian Group

Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.

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

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