Thrivent Financial for Lutherans Decreases Stock Position in Radian Group Inc. (NYSE:RDN)

Thrivent Financial for Lutherans reduced its position in Radian Group Inc. (NYSE:RDN) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,900,539 shares of the insurance provider’s stock after selling 46,447 shares during the period. Thrivent Financial for Lutherans’ holdings in Radian Group were worth $92,005,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its position in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 342 shares during the period. MML Investors Services LLC grew its position in Radian Group by 4.5% in the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 364 shares during the period. CX Institutional grew its position in Radian Group by 5.8% in the 4th quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 451 shares during the period. V Square Quantitative Management LLC grew its position in Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 485 shares during the period. Finally, Blue Trust Inc. grew its position in Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 528 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RDN shares. Keefe, Bruyette & Woods cut their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. UBS Group boosted their price objective on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.80.

Radian Group Trading Down 0.4 %

Shares of RDN stock opened at $31.43 on Wednesday. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86. The firm has a fifty day moving average price of $32.61 and a 200-day moving average price of $33.58. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. As a group, equities analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a $0.255 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.02 annualized dividend and a yield of 3.25%. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is currently 25.95%.

Insider Buying and Selling

In related news, Director Gregory Serio sold 4,100 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the transaction, the director now owns 344 shares of the company’s stock, valued at approximately $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.16% of the stock is currently owned by insiders.

Radian Group Company 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.