Radian Group Inc. (NYSE:RDN) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of Radian Group Inc. (NYSE:RDN) by 10.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 880,246 shares of the insurance provider’s stock after selling 104,745 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.59% of Radian Group worth $30,536,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Radian Group in the 3rd quarter worth approximately $27,000. Fifth Third Bancorp lifted its position in shares of Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 1,160 shares during the last quarter. CWM LLC boosted its stake in shares of Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 1,679 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Radian Group by 37.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after acquiring an additional 611 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 1,949 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Price Performance

Shares of RDN opened at $32.38 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 1.69 and a beta of 1.04. The business’s 50-day moving average is $34.71 and its 200-day moving average is $33.23. Radian Group Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $37.86.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group’s dividend payout ratio is currently 25.45%.

Insider Transactions at Radian Group

In related news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Eric Ray sold 53,791 shares of Radian Group stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total value of $1,918,724.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the sale, the insider now directly owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,772 shares of company stock valued at $4,260,796. 2.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RDN has been the subject of a number of recent analyst reports. Roth Mkm increased their price target on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barclays raised their target price on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price target on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada raised their price objective on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Radian Group currently has a consensus rating of “Hold” and an average target price of $36.10.

Radian Group Profile

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.