MetLife Investment Management LLC Sells 1,218 Shares of Radian Group Inc. (NYSE:RDN)

MetLife Investment Management LLC cut its holdings in Radian Group Inc. (NYSE:RDN) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,162 shares of the insurance provider’s stock after selling 1,218 shares during the period. MetLife Investment Management LLC owned about 0.06% of Radian Group worth $2,989,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RDN. V Square Quantitative Management LLC bought a new position in shares of Radian Group in the third quarter valued at approximately $27,000. Fifth Third Bancorp grew its holdings in Radian Group by 859.3% during the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 1,160 shares during the period. CWM LLC grew its holdings in Radian Group by 539.9% during the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 1,679 shares during the period. Hexagon Capital Partners LLC grew its holdings in 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 purchasing an additional 611 shares during the period. Finally, Blue Trust Inc. grew its holdings in Radian Group by 352.4% during the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 1,949 shares during the period. 95.33% of the stock is owned by institutional investors.

Radian Group Trading Down 0.6 %

NYSE:RDN opened at $35.54 on Wednesday. The company has a market cap of $5.29 billion, a P/E ratio of 9.21, a P/E/G ratio of 1.79 and a beta of 1.04. The stock’s fifty day moving average price is $34.48 and its two-hundred day moving average price is $33.76. Radian Group Inc. has a 1 year low of $24.92 and a 1 year high of $37.86. 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 (NYSE:RDN) last posted its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.15. The firm had revenue of $319.05 million for the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. As a group, analysts expect that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a dividend of $0.245 per share. The ex-dividend date is Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 2.76%. Radian Group’s dividend payout ratio is currently 25.39%.

Insiders Place Their Bets

In related news, insider Derek Brummer sold 35,153 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total value of $1,243,010.08. Following the sale, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. This trade represents a 15.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays increased their price objective 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average 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.