Radian Group Inc. (NYSE:RDN) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC reduced its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,638,862 shares of the insurance provider's stock after selling 34,188 shares during the period. River Road Asset Management LLC owned approximately 1.09% of Radian Group worth $56,852,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RDN. Vanguard Group Inc. grew its position in Radian Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider's stock worth $684,096,000 after buying an additional 69,383 shares during the period. Jennison Associates LLC acquired a new position in Radian Group during the first quarter worth about $852,000. Leuthold Group LLC acquired a new position in Radian Group during the first quarter worth about $3,242,000. Acadian Asset Management LLC acquired a new position in Radian Group during the first quarter worth about $1,442,000. Finally, Empowered Funds LLC acquired a new position in Radian Group during the first quarter worth about $1,059,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Derek Brummer sold 35,153 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is owned by insiders.

Radian Group Trading Up 0.8 %

NYSE RDN traded up $0.27 during mid-day trading on Tuesday, reaching $32.38. 1,512,489 shares of the stock were exchanged, compared to its average volume of 1,036,691. Radian Group Inc. has a 1-year low of $24.92 and a 1-year high of $37.86. The business's fifty day simple moving average is $34.78 and its 200 day simple moving average is $33.21. The stock has a market capitalization of $4.87 billion, a PE ratio of 8.34, a PEG ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors 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 3.03%. Radian Group's dividend payout ratio (DPR) is currently 25.45%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RDN shares. Keefe, Bruyette & Woods increased their price target on shares of 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 company a "buy" rating in a research report on Friday, August 2nd. Royal Bank of Canada increased their price target on shares of Radian Group from $32.00 to $37.00 and gave the company a "sector perform" rating in a research report on Friday, August 2nd. Finally, Barclays increased their price target 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Radian Group currently has a consensus rating of "Hold" and an average price target 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.