Glenmede Trust Co. NA Decreases Position in Radian Group Inc. (NYSE:RDN)

Glenmede Trust Co. NA decreased its position in shares of Radian Group Inc. (NYSE:RDN) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 500,532 shares of the insurance provider’s stock after selling 6,003 shares during the quarter. Glenmede Trust Co. NA’s holdings in Radian Group were worth $17,363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Radian Group by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after acquiring an additional 121,166 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Radian Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock worth $172,365,000 after buying an additional 89,363 shares in the last quarter. FMR LLC raised its position in Radian Group by 0.4% in the 3rd quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock worth $124,476,000 after buying an additional 12,834 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Radian Group by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock valued at $97,437,000 after acquiring an additional 25,862 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Radian Group by 18.2% in the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock worth $88,136,000 after acquiring an additional 435,751 shares during the period. Institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RDN. Keefe, Bruyette & Woods raised their target price on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Royal Bank of Canada upped their price objective on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Roth Mkm raised their target price 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, Barclays upped their price target on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Radian Group presently has an average rating of “Hold” and an average target price of $36.10.

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the sale, the insider now directly owns 186,535 shares of the company’s stock, valued at $6,595,877.60. This trade represents a 15.86 % 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 corporate insiders.

Radian Group Stock Performance

Shares of RDN opened at $35.54 on Friday. The business has a 50-day simple moving average of $34.44 and a two-hundred day simple moving average of $33.62. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a 52 week low of $24.92 and a 52 week high of $37.86. The stock 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 released 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. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The company had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. On average, analysts expect 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. Stockholders of record on Monday, November 25th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 2.76%. Radian Group’s payout ratio is 25.39%.

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.