Meritage Portfolio Management Reduces Holdings in Radian Group Inc. (NYSE:RDN)

Meritage Portfolio Management decreased its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 79.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,193 shares of the insurance provider's stock after selling 74,374 shares during the quarter. Meritage Portfolio Management's holdings in Radian Group were worth $666,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. QRG Capital Management Inc. grew its holdings in shares of Radian Group by 1.1% during the third quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider's stock worth $1,089,000 after purchasing an additional 339 shares during the last quarter. Forum Financial Management LP acquired a new stake in shares of Radian Group in the 3rd quarter valued at about $201,000. Van ECK Associates Corp grew its stake in shares of Radian Group by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 87,071 shares of the insurance provider's stock valued at $2,986,000 after buying an additional 24,880 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Radian Group by 1.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 45,701 shares of the insurance provider's stock valued at $1,585,000 after purchasing an additional 589 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Radian Group by 1,767.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,977 shares of the insurance provider's stock valued at $450,000 after purchasing an additional 12,282 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Analyst Ratings Changes

RDN has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their price target on shares of Radian Group from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Barclays upped their target price on shares of Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Roth Mkm boosted 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 upped their price objective on shares of Radian Group from $32.00 to $37.00 and gave the company a "sector perform" rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Radian Group currently has a consensus rating of "Hold" and an average target price of $36.10.

Radian Group Price Performance

Shares of RDN stock traded up $0.79 on Monday, hitting $34.27. 913,755 shares of the stock traded hands, compared to its average volume of 1,049,612. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 1.71 and a beta of 1.04. Radian Group Inc. has a 52 week low of $24.92 and a 52 week high of $37.86. The firm has a 50 day simple moving average of $34.56 and a two-hundred day simple moving average of $33.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.45 and a quick ratio of 1.84.

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

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were issued a $0.245 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 2.86%. Radian Group's dividend payout ratio is currently 25.39%.

Insider Activity

In other Radian Group news, CAO Robert Quigley sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the sale, the chief accounting officer now owns 48,392 shares of the company's stock, valued at approximately $1,725,174.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Radian Group 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Robert Quigley sold 7,500 shares of Radian Group stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the completion of the transaction, the chief accounting officer now owns 48,392 shares of the company's stock, valued at $1,725,174.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,955 shares of company stock worth $4,130,140. 2.16% of the stock is currently owned by corporate insiders.

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.