Radian Group Inc. (NYSE:RDN) Stock Position Lifted by Vestcor Inc

Vestcor Inc increased its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 85.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,524 shares of the insurance provider's stock after acquiring an additional 16,832 shares during the period. Vestcor Inc's holdings in Radian Group were worth $1,267,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RDN. State Street Corp raised its stake in Radian Group by 2.7% during the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider's stock worth $232,433,000 after acquiring an additional 177,142 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Radian Group by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider's stock worth $202,789,000 after acquiring an additional 121,166 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Radian Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider's stock valued at $172,365,000 after purchasing an additional 89,363 shares in the last quarter. FMR LLC grew its stake in Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider's stock valued at $124,476,000 after purchasing an additional 12,834 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Radian Group by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider's stock valued at $97,437,000 after buying an additional 25,862 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Radian Group Stock Performance

Shares of RDN traded down $0.23 during mid-day trading on Thursday, hitting $33.62. 534,863 shares of the company's stock were exchanged, compared to its average volume of 1,039,597. The business's 50 day moving average is $34.42 and its two-hundred day moving average is $33.87. The firm has a market capitalization of $5.01 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a fifty-two week low of $26.11 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share 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%. On average, equities analysts expect that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Monday, November 25th. Radian Group's payout ratio is currently 25.39%.

Insider Buying and Selling at Radian Group

In related news, insider Derek Brummer sold 14,705 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares of the company's stock, valued at approximately $5,953,909.50. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.16% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Barclays raised their target price on shares of Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $36.10.

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.