Radian Group Inc. (NYSE:RDN) Stock Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 709,200 shares of the insurance provider's stock after selling 33,664 shares during the period. Principal Financial Group Inc. owned 0.48% of Radian Group worth $24,602,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in Radian Group by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,927,201 shares of the insurance provider's stock valued at $59,936,000 after purchasing an additional 6,588 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Radian Group by 3.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,470 shares of the insurance provider's stock worth $979,000 after buying an additional 913 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Radian Group by 2.3% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 646,282 shares of the insurance provider's stock worth $20,100,000 after buying an additional 14,461 shares in the last quarter. Van ECK Associates Corp increased its position in Radian Group by 11.1% in the 2nd quarter. Van ECK Associates Corp now owns 62,191 shares of the insurance provider's stock valued at $1,934,000 after acquiring an additional 6,219 shares during the period. Finally, nVerses Capital LLC bought a new stake in Radian Group during the 2nd quarter valued at $180,000. 95.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Radian Group

In other news, insider Derek Brummer sold 14,705 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the sale, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Barclays increased their price target 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Radian Group currently has an average rating of "Hold" and a consensus target price of $36.10.

Radian Group Price Performance

Shares of NYSE RDN traded up $0.17 during mid-day trading on Thursday, reaching $32.10. 497,266 shares of the company traded hands, compared to its average volume of 1,050,359. The firm has a market cap of $4.78 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. Radian Group Inc. has a fifty-two week low of $26.11 and a fifty-two week high of $37.86. The stock has a fifty day simple moving average of $34.02 and a 200-day simple moving average of $33.97.

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

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 3.05%. The ex-dividend date was Monday, November 25th. Radian Group's dividend payout ratio (DPR) is presently 25.39%.

About Radian Group

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.