Thrivent Financial for Lutherans Sells 46,447 Shares of Radian Group Inc. (NYSE:RDN)

Thrivent Financial for Lutherans trimmed its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,900,539 shares of the insurance provider's stock after selling 46,447 shares during the quarter. Thrivent Financial for Lutherans owned 1.95% of Radian Group worth $92,005,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its stake in Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after acquiring an additional 342 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 485 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Radian Group by 124.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock worth $75,000 after purchasing an additional 1,320 shares during the period. Jones Financial Companies Lllp increased its position in shares of Radian Group by 735.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 2,119 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Radian Group by 21.1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after buying an additional 528 shares during the period. Institutional investors own 95.33% of the company's stock.

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Analyst Ratings Changes

Several research analysts have commented on RDN shares. UBS Group lifted their price objective on shares of Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods lowered their target price on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Radian Group presently has an average rating of "Hold" and a consensus target price of $36.80.

Insiders Place Their Bets

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the sale, the director now owns 344 shares of the company's stock, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.16% of the company's stock.

Radian Group Trading Down 0.1 %

RDN traded down $0.03 during trading hours on Friday, reaching $31.97. 20,727,410 shares of the company's stock traded hands, compared to its average volume of 1,043,452. The firm has a 50-day moving average price of $32.65 and a 200 day moving average price of $33.52. The firm has a market capitalization of $4.64 billion, a PE ratio of 8.13, a PEG ratio of 1.73 and a beta of 1.04. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 52-week low of $29.17 and a 52-week high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. As a group, sell-side analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.19%. This is a boost from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. Radian Group's payout ratio is 25.95%.

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.