Ellsworth Advisors LLC Grows Stock Holdings in Radian Group Inc. (NYSE:RDN)

Ellsworth Advisors LLC lifted its position in Radian Group Inc. (NYSE:RDN) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,776 shares of the insurance provider’s stock after buying an additional 797 shares during the period. Ellsworth Advisors LLC’s holdings in Radian Group were worth $651,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in Radian Group by 859.3% in the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 1,160 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in Radian Group by 75.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock worth $55,000 after buying an additional 709 shares during the last quarter. CWM LLC increased its position in Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after buying an additional 1,679 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Radian Group in the first quarter valued at about $105,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Radian Group in the second quarter worth about $116,000. Institutional investors own 95.33% of the company’s stock.

Radian Group Price Performance

NYSE:RDN opened at $35.32 on Friday. The firm’s fifty day moving average is $34.95 and its two-hundred day moving average is $32.93. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.82 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. Radian Group Inc. has a one year low of $24.62 and a one year high of $37.86.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The firm had revenue of $312.37 million for the quarter, compared to the consensus estimate of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. Research analysts expect that Radian Group Inc. will post 3.75 EPS for the current year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group’s dividend payout ratio (DPR) is 25.93%.

Analysts Set New Price Targets

RDN has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Royal Bank of Canada boosted their price objective on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a 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 note on Friday, August 2nd. Finally, Barclays boosted their price target on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.10.

Insider Activity at Radian Group

In other Radian Group news, COO Mary Dickerson sold 19,511 shares of Radian Group stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total value of $701,030.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Radian Group news, COO Mary Dickerson sold 19,511 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total value of $701,030.23. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares of the company’s stock, valued at $6,595,877.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,772 shares of company stock worth $4,260,796 in the last three months. Company insiders own 2.16% of the company’s stock.

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.