Thrivent Financial for Lutherans Sells 186,034 Shares of Radian Group Inc. (NYSE:RDN)

Thrivent Financial for Lutherans decreased its holdings in Radian Group Inc. (NYSE:RDN) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,946,986 shares of the insurance provider’s stock after selling 186,034 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.96% of Radian Group worth $102,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RDN. V Square Quantitative Management LLC bought a new stake in shares of Radian Group in the 3rd quarter valued at about $27,000. Fifth Third Bancorp boosted its holdings in Radian Group by 859.3% in the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 1,160 shares during the last quarter. CWM LLC increased its position in Radian Group by 539.9% during the 2nd 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 increased its position in Radian Group by 37.0% during the 2nd 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. raised its holdings in 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 purchasing an additional 1,949 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Mary Dickerson sold 19,511 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert Quigley sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the transaction, the chief accounting officer now directly owns 48,392 shares in the company, valued at $1,725,174.80. The trade was a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,955 shares of company stock valued at $4,130,140. Corporate insiders own 2.16% of the company’s stock.

Radian Group Stock Performance

Shares of RDN opened at $34.63 on Monday. The company has a market cap of $5.16 billion, a PE ratio of 8.97, a P/E/G ratio of 1.73 and a beta of 1.04. Radian Group Inc. has a one year low of $24.92 and a one year high of $37.86. The stock has a 50-day moving average of $34.48 and a 200-day moving average of $33.45. 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 announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS 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 business had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. On average, equities research analysts predict that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.83%. Radian Group’s dividend payout ratio (DPR) is currently 25.39%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RDN shares. Royal Bank of Canada lifted their target price on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Barclays boosted their price objective on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods raised their target price on Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Roth Mkm boosted their price target on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Three 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, Radian Group currently has an average 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.