XTX Topco Ltd Sells 1,123 Shares of Radian Group Inc. (NYSE:RDN)

XTX Topco Ltd lowered its stake in shares of Radian Group Inc. (NYSE:RDN) by 8.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 12,076 shares of the insurance provider’s stock after selling 1,123 shares during the quarter. XTX Topco Ltd’s holdings in Radian Group were worth $419,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in RDN. Assenagon Asset Management S.A. raised its holdings in shares of Radian Group by 272.8% during the third quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock valued at $28,725,000 after purchasing an additional 605,956 shares during the last quarter. Point72 Asset Management L.P. grew its position in Radian Group by 460.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 660,693 shares of the insurance provider’s stock worth $20,548,000 after purchasing an additional 542,801 shares during the period. American Century Companies Inc. raised its stake in Radian Group by 18.2% during the 2nd quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock valued at $88,136,000 after buying an additional 435,751 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Radian Group during the 2nd quarter valued at $6,273,000. Finally, WINTON GROUP Ltd boosted its stake in shares of Radian Group by 509.5% in the 2nd quarter. WINTON GROUP Ltd now owns 212,295 shares of the insurance provider’s stock worth $6,602,000 after buying an additional 177,466 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Trading Down 0.2 %

Shares of RDN stock opened at $33.54 on Monday. 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 company has a market cap of $5.00 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 1.69 and a beta of 1.04. Radian Group Inc. has a 1 year low of $26.11 and a 1 year high of $37.86. The firm has a fifty day moving average price of $34.40 and a 200-day moving average price of $33.93.

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

Radian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a $0.245 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.92%. Radian Group’s payout ratio is currently 25.39%.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 14,705 shares of the company’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 completion of the transaction, the insider now owns 171,830 shares of the company’s stock, valued at $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays increased their target price on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.