Radian Group Inc. (NYSE:RDN) Stock Holdings Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 42.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 194,669 shares of the insurance provider's stock after selling 145,589 shares during the quarter. BNP Paribas Financial Markets owned 0.13% of Radian Group worth $6,753,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Radian Group during the 3rd quarter valued at approximately $27,000. Fifth Third Bancorp raised its holdings in Radian Group by 859.3% during the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider's stock worth $40,000 after purchasing an additional 1,160 shares during the last quarter. CWM LLC boosted its position in Radian Group by 539.9% during the second quarter. CWM LLC now owns 1,990 shares of the insurance provider's stock worth $62,000 after purchasing an additional 1,679 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in Radian Group by 37.0% in the second quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider's stock valued at $70,000 after purchasing an additional 611 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Radian Group by 352.4% in the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider's stock valued at $87,000 after buying an additional 1,949 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Trading Down 0.6 %

Shares of Radian Group stock traded down $0.23 during trading hours on Tuesday, reaching $35.51. 288,478 shares of the company's stock were exchanged, compared to its average volume of 1,039,698. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 1.79 and a beta of 1.04. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a 52-week low of $24.92 and a 52-week high of $37.86. The company has a fifty day moving average of $34.46 and a 200-day moving average of $33.73.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The company had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Sell-side analysts forecast that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Monday, November 25th. Radian Group's dividend payout ratio (DPR) is presently 25.39%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Radian Group from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Barclays boosted their target price on shares of Radian Group from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Radian Group has an average rating of "Hold" and an average price target of $36.10.

Insider Buying and Selling

In related news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the transaction, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. This trade represents a 15.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.16% of the stock is currently owned by corporate 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.