Radian Group Inc. $RDN Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its position in Radian Group Inc. by 19.2%, resulting in ownership of 59,353 shares valued at approximately $1.96 million at the end of Q1.
• Jane Street Group LLC significantly increased its holdings in Radian Group by 11,446.4%, now owning over 1.3 million shares valued at around $43.34 million.
• Radian Group reported earnings of $1.01 per share for the last quarter, exceeding analysts' expectations, but experienced a 0.9% decline in revenue year-over-year.

Voya Investment Management LLC decreased its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 19.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,353 shares of the insurance provider's stock after selling 14,092 shares during the period. Voya Investment Management LLC's holdings in Radian Group were worth $1,963,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in shares of Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider's stock valued at $29,000 after buying an additional 572 shares in the last quarter. Covestor Ltd boosted its holdings in Radian Group by 42.6% in the first quarter. Covestor Ltd now owns 1,927 shares of the insurance provider's stock valued at $64,000 after acquiring an additional 576 shares during the last quarter. Virtus Advisers LLC bought a new position in shares of Radian Group during the 1st quarter worth approximately $88,000. Jones Financial Companies Lllp raised its position in shares of Radian Group by 14.8% during the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider's stock worth $91,000 after purchasing an additional 357 shares during the period. Finally, US Bancorp DE raised its position in Radian Group by 22.7% in the 1st quarter. US Bancorp DE now owns 3,972 shares of the insurance provider's stock valued at $131,000 after buying an additional 735 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on RDN. Keefe, Bruyette & Woods downgraded Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price for the company. in a research note on Monday, July 7th. UBS Group restated a "neutral" rating and issued a $38.00 price target (up previously from $36.00) on shares of Radian Group in a research note on Monday, July 14th. Finally, Barclays boosted their price target on Radian Group from $34.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Radian Group currently has a consensus rating of "Hold" and an average price target of $37.00.

Insider Buying and Selling

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the transaction, the executive vice president directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.16% of the stock is owned by company insiders.

Radian Group Stock Down 2.0%

Shares of Radian Group stock traded down $0.75 during trading on Monday, reaching $36.49. The company's stock had a trading volume of 1,622,530 shares, compared to its average volume of 1,025,748. The company has a 50-day simple moving average of $34.52 and a two-hundred day simple moving average of $33.77. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $38.84. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.54. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 9.19 and a beta of 0.75.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The business had revenue of $318.00 million during the quarter, compared to analysts' expectations of $321.97 million. During the same quarter in the previous year, the firm posted $0.98 EPS. The company's revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were issued a $0.255 dividend. The ex-dividend date was Monday, August 25th. This represents a $1.02 dividend on an annualized basis and a yield of 2.8%. Radian Group's dividend payout ratio is currently 25.69%.

Radian Group Company 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.