Citigroup Inc. Has $7.06 Million Position in Radian Group Inc. (NYSE:RDN)

Citigroup Inc. lessened its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 13.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,641 shares of the insurance provider's stock after selling 30,854 shares during the quarter. Citigroup Inc. owned about 0.14% of Radian Group worth $7,064,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Radian Group during the 3rd quarter valued at about $27,000. Fifth Third Bancorp boosted its stake in Radian Group by 859.3% in the second 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 grew its holdings in 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 during the period. Hexagon Capital Partners LLC raised its position 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 valued at $70,000 after acquiring an additional 611 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake 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 valued at $87,000 after purchasing an additional 1,949 shares during the period. Institutional investors own 95.33% of the company's stock.

Wall Street Analyst Weigh In

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

Radian Group Stock Up 0.7 %

Shares of NYSE:RDN traded up $0.25 during trading on Friday, hitting $35.79. 500,374 shares of the company's stock traded hands, compared to its average volume of 1,186,885. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $34.45 and a 200-day moving average price of $33.68. Radian Group Inc. has a 52 week low of $24.92 and a 52 week high of $37.86. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.79 and a beta of 1.04.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $320.30 million. As a group, research analysts forecast that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Monday, November 25th. Radian Group's dividend payout ratio (DPR) is presently 25.39%.

Insider Buying and Selling at Radian Group

In related news, insider Derek Brummer sold 35,153 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were 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 owns 186,535 shares of the company's stock, 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 hyperlink. Company insiders own 2.16% of the company's stock.

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.