Robeco Institutional Asset Management B.V. Has $30.54 Million Stock Holdings in Radian Group Inc. (NYSE:RDN)

Robeco Institutional Asset Management B.V. lowered its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 10.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 880,246 shares of the insurance provider's stock after selling 104,745 shares during the period. Robeco Institutional Asset Management B.V. owned 0.59% of Radian Group worth $30,536,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Radian Group by 40.0% in the third quarter. Van ECK Associates Corp now owns 87,071 shares of the insurance provider's stock worth $2,986,000 after purchasing an additional 24,880 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Radian Group by 1.3% in 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. Farther Finance Advisors LLC grew its position in shares of 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 worth $450,000 after buying an additional 12,282 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of Radian Group by 9.9% during the third quarter. First Trust Direct Indexing L.P. now owns 7,200 shares of the insurance provider's stock worth $250,000 after buying an additional 650 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Radian Group by 4.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 133,340 shares of the insurance provider's stock valued at $4,553,000 after buying an additional 5,392 shares during the period. Institutional investors own 95.33% of the company's stock.

Radian Group Trading Up 6.8 %

NYSE:RDN traded up $2.21 on Wednesday, reaching $34.59. The company's stock had a trading volume of 2,012,452 shares, compared to its average volume of 1,041,267. Radian Group Inc. has a 1-year low of $24.92 and a 1-year high of $37.86. The business's 50-day moving average price is $34.69 and its two-hundred day moving average price is $33.24. The firm has a market cap of $5.20 billion, a PE ratio of 8.98, 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were given a $0.245 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 2.83%. Radian Group's dividend payout ratio is presently 25.45%.

Analyst Ratings Changes

Several brokerages have commented on RDN. Keefe, Bruyette & Woods upped their target price 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 target price on Radian Group from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Barclays boosted their target price on Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Finally, 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $36.10.

Insider Buying and Selling

In other news, insider Derek Brummer sold 35,153 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 186,535 shares in the company, valued at $6,595,877.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Radian Group news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $35.36, for a total value of $1,243,010.08. Following the sale, 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 document filed with the SEC, which is available through the SEC website. Also, COO Mary Dickerson sold 19,511 shares of the company's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total value of $701,030.23. 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. 2.16% of the stock is owned by corporate insiders.

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.