Yousif Capital Management LLC Sells 3,317 Shares of Radian Group Inc. $RDN

Yousif Capital Management LLC lowered its holdings in Radian Group Inc. (NYSE:RDN) by 6.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 50,762 shares of the insurance provider’s stock after selling 3,317 shares during the quarter. Yousif Capital Management LLC’s holdings in Radian Group were worth $1,828,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Radian Group by 4.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,340,962 shares of the insurance provider’s stock valued at $209,696,000 after purchasing an additional 246,799 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Radian Group by 9.2% during the 1st quarter. American Century Companies Inc. now owns 3,658,250 shares of the insurance provider’s stock worth $120,978,000 after acquiring an additional 306,889 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Radian Group by 5.3% during the 1st quarter. Ameriprise Financial Inc. now owns 1,569,410 shares of the insurance provider’s stock worth $51,902,000 after acquiring an additional 79,159 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Radian Group by 11,446.4% during the 1st quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider’s stock worth $43,339,000 after acquiring an additional 1,299,167 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Radian Group during the 1st quarter worth approximately $40,749,000. Institutional investors own 95.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods lowered shares of Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a research note on Monday, July 7th. Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. UBS Group reduced their price objective on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays boosted their price objective on shares of Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of Radian Group in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Radian Group has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Insider Buying and Selling at Radian Group

In other news, EVP Edward J. Hoffman sold 10,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $37.00, for a total value of $370,000.00. Following the sale, the executive vice president owned 153,708 shares in the company, valued at $5,687,196. This represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.16% of the stock is owned by insiders.

Radian Group Trading Up 1.0%

NYSE RDN opened at $33.06 on Monday. The company has a fifty day simple moving average of $34.98 and a two-hundred day simple moving average of $34.11. The stock has a market cap of $4.48 billion, a P/E ratio of 8.33 and a beta of 0.73. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $38.84. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.54.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. The business had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $321.97 million. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $0.98 earnings per share. On average, analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.1%. Radian Group’s dividend payout ratio (DPR) is currently 25.69%.

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.