Glenmede Trust Co. NA Sells 6,003 Shares of Radian Group Inc. (NYSE:RDN)

Glenmede Trust Co. NA decreased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 500,532 shares of the insurance provider’s stock after selling 6,003 shares during the quarter. Glenmede Trust Co. NA owned about 0.34% of Radian Group worth $17,363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in Radian Group during the 3rd quarter worth $27,000. Fifth Third Bancorp increased its stake in shares of Radian Group by 859.3% during the second 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 period. CWM LLC lifted its holdings in shares of Radian Group by 539.9% during the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after buying an additional 1,679 shares in the last quarter. Hexagon Capital Partners LLC grew its position 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 purchasing an additional 611 shares in 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. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In other news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.16% of the company’s stock.

Radian Group Stock Performance

NYSE RDN opened at $35.54 on Friday. Radian Group Inc. has a 12-month low of $24.92 and a 12-month high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. The company has a 50-day simple moving average of $34.44 and a two-hundred day simple moving average of $33.62. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 1.78 and a beta of 1.04.

Radian Group (NYSE:RDN) last announced its 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 return on equity of 13.81% and a net margin of 45.96%. The company had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. On average, equities analysts forecast that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $0.245 dividend. 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 2.76%. Radian Group’s dividend payout ratio (DPR) is 25.39%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Barclays upped 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. Roth Mkm lifted their price objective on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada boosted their target price on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Radian Group presently has an average rating of “Hold” and a consensus target price of $36.10.

About Radian Group

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.