Robeco Institutional Asset Management B.V. Has $30.54 Million Stock Position in Radian Group Inc. (NYSE:RDN)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Radian Group Inc. (NYSE:RDN) by 10.6% in the third quarter, Holdings Channel reports. The institutional investor owned 880,246 shares of the insurance provider’s stock after selling 104,745 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Radian Group were worth $30,536,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Radian Group during the third quarter worth $27,000. Fifth Third Bancorp grew its position in Radian Group by 859.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 1,160 shares during the last quarter. CWM LLC increased 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 purchasing an additional 1,679 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Radian Group by 37.0% during the second quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock valued at $70,000 after buying an additional 611 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Radian Group by 352.4% during the third 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 in the last quarter. 95.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Robert Quigley sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the sale, the chief accounting officer now directly owns 48,392 shares in the company, valued at approximately $1,725,174.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sumita Pandit sold 3,817 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.23, for a total transaction of $130,655.91. The disclosure for this sale can be found here. Insiders sold 119,772 shares of company stock worth $4,260,796 in the last quarter. 2.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on RDN. Keefe, Bruyette & Woods upped their price target on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Roth Mkm upped their target price on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Barclays raised their target price on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada boosted 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.10.

Radian Group Price Performance

Radian Group stock opened at $32.38 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84. The business has a 50 day simple moving average of $34.71 and a 200 day simple moving average of $33.23. Radian Group Inc. has a one year low of $24.92 and a one year high of $37.86. The company has a market capitalization of $4.87 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were paid a $0.245 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.98 annualized dividend and a dividend yield of 3.03%. Radian Group’s dividend payout ratio is presently 25.45%.

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.