Victory Capital Management Inc. Sells 12,640 Shares of Radian Group Inc. (NYSE:RDN)

Victory Capital Management Inc. trimmed its holdings in Radian Group Inc. (NYSE:RDN) by 13.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,099 shares of the insurance provider’s stock after selling 12,640 shares during the period. Victory Capital Management Inc.’s holdings in Radian Group were worth $2,883,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RDN. V Square Quantitative Management LLC bought a new stake in Radian Group in the third quarter worth approximately $27,000. Fifth Third Bancorp boosted its holdings in shares of Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after buying an additional 1,160 shares during the period. CWM LLC boosted its holdings in shares of Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after buying an additional 1,679 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Radian Group by 37.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after buying an additional 611 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Radian Group by 352.4% during the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after buying an additional 1,949 shares during the period. 95.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays upped their price objective 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. Roth Mkm upped their price objective on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods upped their price objective on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. 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 report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.10.

Radian Group Price Performance

Shares of Radian Group stock opened at $34.96 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. Radian Group Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $37.86. The firm has a fifty day moving average price of $34.44 and a two-hundred day moving average price of $33.53. The company has a market cap of $5.21 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The firm had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Analysts expect that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Announces Dividend

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 paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, November 25th. Radian Group’s dividend payout ratio is 25.39%.

Insider Activity

In other news, COO Mary Dickerson sold 19,511 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total value of $701,030.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robert Quigley sold 7,500 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the completion of the transaction, the chief accounting officer now owns 48,392 shares of the company’s stock, 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. In the last 90 days, insiders sold 115,955 shares of company stock worth $4,130,140. 2.16% of the stock is currently 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.