Radian Group Inc. (NYSE:RDN) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,946,986 shares of the insurance provider's stock after selling 186,034 shares during the quarter. Thrivent Financial for Lutherans owned about 1.96% of Radian Group worth $102,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RDN. Vanguard Group Inc. lifted its holdings in shares of Radian Group by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider's stock valued at $684,096,000 after buying an additional 69,383 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Radian Group in the 1st quarter valued at approximately $1,442,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Radian Group by 17.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,407 shares of the insurance provider's stock valued at $1,524,000 after buying an additional 6,967 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Radian Group by 5.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 331,341 shares of the insurance provider's stock valued at $10,305,000 after buying an additional 17,367 shares during the period. Finally, Vest Financial LLC lifted its holdings in shares of Radian Group by 27.4% in the 2nd quarter. Vest Financial LLC now owns 746,664 shares of the insurance provider's stock valued at $23,221,000 after buying an additional 160,778 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on RDN. Roth Mkm raised their price target on Radian Group from $35.00 to $40.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Royal Bank of Canada raised their price objective on Radian Group from $32.00 to $37.00 and gave the company a "sector perform" rating in a research note on Friday, August 2nd. Barclays raised their price objective 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. Finally, Keefe, Bruyette & Woods raised their price objective on Radian Group from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Radian Group presently has an average rating of "Hold" and an average target price of $36.10.

Insider Activity

In related 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 value of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. This trade represents a 15.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert Quigley sold 7,500 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total value of $267,375.00. Following the transaction, the chief accounting officer now owns 48,392 shares in the company, valued at approximately $1,725,174.80. This represents a 13.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 115,955 shares of company stock valued at $4,130,140 over the last quarter. Company insiders own 2.16% of the company's stock.

Radian Group Price Performance

Radian Group stock traded down $0.58 during mid-day trading on Monday, hitting $34.05. 1,136,259 shares of the company were exchanged, compared to its average volume of 1,047,327. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The business's 50 day simple moving average is $34.48 and its two-hundred day simple moving average is $33.45. The company has a market capitalization of $5.07 billion, a P/E ratio of 8.83, a PEG ratio of 1.73 and a beta of 1.04. Radian Group Inc. has a 12-month low of $24.92 and a 12-month high of $37.86.

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

Radian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Monday, November 25th. Radian Group's dividend payout ratio is currently 25.39%.

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.