Principal Financial Group Inc. Sells 33,664 Shares of Radian Group Inc. (NYSE:RDN)

Principal Financial Group Inc. reduced its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the 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 approximately 0.47% of Radian Group worth $24,602,000 as of its most recent filing with the SEC.

Other institutional investors 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 third quarter worth $27,000. Fifth Third Bancorp lifted its stake in Radian Group by 859.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 1,160 shares during the last quarter. CWM LLC grew its holdings 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 during the period. Hexagon Capital Partners LLC lifted its position in shares of 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 buying an additional 611 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Radian Group by 352.4% during the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider's stock worth $87,000 after acquiring an additional 1,949 shares during the period. 95.33% of the stock is owned by institutional investors.

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares of the company's stock, valued at $6,595,877.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction 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 sale, the insider now directly owns 186,535 shares in the company, valued at $6,595,877.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Eric Ray sold 53,791 shares of the 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 disclosure for this sale can be found here. Insiders have sold 115,955 shares of company stock valued at $4,130,140 over the last ninety days. Corporate insiders own 2.16% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RDN shares. Barclays increased their price target on Radian Group from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Roth Mkm lifted their target price on shares of Radian Group from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. 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 report on Monday, August 5th. Finally, Royal Bank of Canada boosted 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $36.10.

Radian Group Price Performance

RDN stock traded up $0.04 during midday trading on Wednesday, reaching $34.64. 260,499 shares of the stock were exchanged, compared to its average volume of 1,044,693. 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 52 week low of $24.92 and a 52 week high of $37.86. The stock has a market capitalization of $5.16 billion, a PE ratio of 8.96, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a fifty day moving average price of $34.54 and a 200 day moving average price of $33.36.

Radian Group (NYSE:RDN - Get Free Report) last announced its 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. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. The company had revenue of $319.05 million for the quarter, compared to analysts' expectations of $320.30 million. As a group, analysts expect that Radian Group Inc. will post 4 EPS for the current fiscal year.

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.