Vest Financial LLC Purchases 59,909 Shares of Radian Group Inc. (NYSE:RDN)

Vest Financial LLC boosted its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 8.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 806,573 shares of the insurance provider's stock after acquiring an additional 59,909 shares during the period. Vest Financial LLC owned about 0.54% of Radian Group worth $27,980,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of RDN. Goldman Sachs Group Inc. raised its stake in Radian Group by 12.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 692,316 shares of the insurance provider's stock worth $19,766,000 after purchasing an additional 74,782 shares during the period. Wellington Management Group LLP increased its position in shares of Radian Group by 14.7% during the fourth quarter. Wellington Management Group LLP now owns 340,225 shares of the insurance provider's stock worth $9,713,000 after purchasing an additional 43,538 shares in the last quarter. Mather Group LLC. purchased a new stake in Radian Group in the first quarter valued at approximately $125,000. Astoria Portfolio Advisors LLC. raised its position in Radian Group by 6.7% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 7,482 shares of the insurance provider's stock valued at $250,000 after purchasing an additional 470 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Radian Group by 75.3% in the first quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider's stock valued at $55,000 after buying an additional 709 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RDN shares. Barclays raised their price objective on shares of Radian Group from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on Radian Group from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Roth Mkm increased their price target on shares of Radian Group from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada raised their price objective on Radian Group from $32.00 to $37.00 and gave the stock a "sector perform" rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Radian Group presently has a consensus rating of "Hold" and a consensus target price of $36.10.

Radian Group Price Performance

Radian Group stock traded down $0.52 during trading hours on Friday, hitting $35.32. 1,254,500 shares of the company traded hands, compared to its average volume of 1,015,754. Radian Group Inc. has a 1-year low of $24.62 and a 1-year high of $37.86. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The firm's 50-day simple moving average is $34.95 and its two-hundred day simple moving average is $32.93. The firm has a market cap of $5.32 billion, a P/E ratio of 9.34, a P/E/G ratio of 1.82 and a beta of 1.05.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. The firm had revenue of $312.37 million for the quarter, compared to analysts' expectations of $324.00 million. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. As a group, analysts forecast that Radian Group Inc. will post 3.75 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were given a dividend of $0.245 per share. The ex-dividend date was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a yield of 2.77%. Radian Group's payout ratio is currently 25.93%.

Insider Buying and Selling

In related news, EVP Eric Ray sold 53,791 shares of Radian Group stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Eric Ray sold 53,791 shares of Radian Group stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total transaction of $1,918,724.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 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 disclosure for this sale can be found here. In the last three months, insiders sold 119,772 shares of company stock valued at $4,260,796. 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.