Sun Sep 15 10:46:58 UTC 2024: ## Institutional Investors Show Interest in Radian Group Inc.

**New York, NY** – Several institutional investors have recently adjusted their holdings of Radian Group Inc. (NYSE: RDN), a US-based mortgage and real estate services company.

Choreo LLC, an institutional investor, made a new purchase of 20,382 shares of Radian Group’s stock during the second quarter, totaling $636,000. Meanwhile, Vanguard Group Inc. increased its stake in the company by 0.3% during the first quarter, now owning 20,439,073 shares valued at $684,096,000.

LSV Asset Management and Bank of New York Mellon Corp also increased their holdings in Radian Group during the first and second quarters respectively. Notably, Norges Bank acquired a new stake in Radian Group during the fourth quarter, worth $53,792,000, while Allianz Asset Management GmbH increased its holdings by 25.2% in the same period.

**Insider Trading**

In related news, Derek Brummer, an insider at Radian Group, sold 35,153 shares on September 5th for $1,243,010.08, leaving him with 186,535 shares.

Additionally, CFO Sumita Pandit sold 3,817 shares on August 8th, for a total of $130,655.91.

Overall, insiders have sold 119,772 shares of company stock in the past three months, representing 2.16% of the stock.

**Financial Performance**

Radian Group reported earnings for the second quarter on July 31st, exceeding analysts’ expectations with an EPS of $0.99. The company achieved a net margin of 47.05% and a return on equity of 14.43%.

Radian Group also recently announced a quarterly dividend of $0.245, payable on September 11th to shareholders of record on August 26th. This represents an annualized dividend of $0.98 and a yield of 2.79%.

**Analyst Ratings**

Analysts remain optimistic about Radian Group, with several raising their price targets. Royal Bank of Canada increased its price target to $37.00, while Barclays lifted its target to $32.00. Keefe, Bruyette & Woods raised its price objective to $39.00, and Roth Mkm increased its target to $40.00.

Currently, the consensus rating for Radian Group is “Hold” with a consensus target price of $35.90.

**Conclusion**

Increased interest from institutional investors, coupled with positive financial performance and favorable analyst ratings, suggests a positive outlook for Radian Group. However, the recent insider selling activity warrants attention and may indicate a more cautious stance by company insiders.

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