Geode Capital Management LLC Decreases Stock Holdings in Radian Group Inc. (NYSE:RDN)

Geode Capital Management LLC reduced its stake in shares of Radian Group Inc. (NYSE:RDN) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,541,481 shares of the insurance provider’s stock after selling 58,126 shares during the quarter. Geode Capital Management LLC owned 2.38% of Radian Group worth $122,877,000 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. Centiva Capital LP acquired a new stake in shares of Radian Group in the 3rd quarter worth approximately $512,000. Public Sector Pension Investment Board grew its holdings in Radian Group by 5.5% in the second quarter. Public Sector Pension Investment Board now owns 331,341 shares of the insurance provider’s stock valued at $10,305,000 after purchasing an additional 17,367 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Radian Group by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after purchasing an additional 121,166 shares during the last quarter. Moran Wealth Management LLC purchased a new position in shares of Radian Group in the third quarter valued at $2,650,000. Finally, Vest Financial LLC raised its stake in shares of Radian Group by 27.4% during the 2nd quarter. Vest Financial LLC now owns 746,664 shares of the insurance provider’s stock worth $23,221,000 after buying an additional 160,778 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barclays increased their price objective on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.10.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the sale, the insider now directly owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.16% of the stock is owned by company insiders.

Radian Group Stock Performance

Radian Group stock opened at $33.07 on Wednesday. Radian Group Inc. has a fifty-two week low of $26.11 and a fifty-two week high of $37.86. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.69 and a beta of 1.04. The stock has a fifty day moving average of $34.39 and a two-hundred day moving average of $33.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01.

Radian Group (NYSE:RDN) last posted 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 firm had revenue of $319.05 million during the quarter, compared to analysts’ expectations of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. On average, analysts anticipate that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Monday, November 25th. Radian Group’s payout ratio is 25.39%.

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.