Sun Sep 15 11:32:50 UTC 2024: ## Texas School Fund Trims Radian Group Holdings, Institutional Investors Active in Q2

**Austin, TX (MarketBeat News) -** The Texas Permanent School Fund Corp. reduced its stake in Radian Group Inc. (NYSE: RDN) by 14.5% during the second quarter, according to a recent SEC filing. The fund now holds 114,651 shares, representing a value of $3,566,000.

This move comes amidst a flurry of activity from other institutional investors. Norges Bank acquired a new stake in Radian Group during the fourth quarter, valued at $53,792,000. HSBC Holdings PLC also initiated a position in the insurance provider during the same period, worth approximately $25,565,000.

Vest Financial LLC significantly increased its stake in Radian Group by 6,836% in the first quarter, now owning 585,886 shares valued at $19,610,000. Allianz Asset Management GmbH also boosted its holdings by 25.2% in the fourth quarter, reaching 1,801,916 shares worth $51,445,000.

First Trust Advisors LP followed suit, raising its stake by 29.2% in the fourth quarter, bringing its total ownership to 1,192,595 shares, valued at $34,049,000. Institutional investors now hold a significant 95.33% of Radian Group’s outstanding shares.

**Insider Trading Highlights**

Radian Group’s CFO, Sumita Pandit, sold 3,817 shares on August 8th at an average price of $34.23, for a total value of $130,655.91. COO Mary Dickerson also sold 19,511 shares on August 28th at an average price of $35.93, for a total value of $701,030.23. Over the last three months, insiders have sold 119,772 shares worth $4,260,796, representing 2.16% of the company’s outstanding stock.

**Strong Earnings and Dividend**

Radian Group reported strong earnings for the second quarter, exceeding analysts’ estimates with an EPS of $0.99, compared to the consensus estimate of $0.87. The company also declared a quarterly dividend of $0.245, payable on September 11th.

**Stock Performance**

RDN stock opened at $35.13 on Friday, with a market capitalization of $5.29 billion. The stock has a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 1.80, and a beta of 1.05.

**Key Business Segments**

Radian Group operates in two segments: Mortgage Insurance and Homegenius. The Mortgage Insurance segment provides mortgage insurance and credit risk management solutions, while the Homegenius segment focuses on real estate technology and services.

**Overall, the recent activity in Radian Group stock suggests ongoing interest from institutional investors, although the Texas Permanent School Fund Corp.’s trimming of its holdings may raise some eyebrows. The company’s strong earnings and dividend payout continue to be attractive features, and its diversified business model positions it for continued growth in the future.**

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