Carolina Wealth Advisors LLC Trims Stock Holdings in Radian Group Inc. (NYSE:RDN)

Carolina Wealth Advisors LLC cut its stake in Radian Group Inc. (NYSE:RDN) by 4.4% in the third quarter, HoldingsChannel.com reports. The fund owned 235,532 shares of the insurance provider’s stock after selling 10,938 shares during the period. Radian Group makes up 4.2% of Carolina Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Carolina Wealth Advisors LLC’s holdings in Radian Group were worth $8,171,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of RDN. V Square Quantitative Management LLC bought a new position in Radian Group during the third quarter worth about $27,000. Fifth Third Bancorp lifted its holdings in shares of Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 1,160 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of Radian Group by 75.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 709 shares during the period. CWM LLC increased its stake in Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 1,679 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Radian Group by 352.4% during the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after buying an additional 1,949 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Stock Down 2.5 %

Shares of Radian Group stock traded down $0.88 during trading hours on Monday, reaching $34.44. 197,680 shares of the company’s stock were exchanged, compared to its average volume of 1,011,725. The stock has a market cap of $5.19 billion, a P/E ratio of 9.34, a P/E/G ratio of 1.82 and a beta of 1.05. The company has a 50 day moving average of $34.95 and a two-hundred day moving average of $32.93. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45. Radian Group Inc. has a fifty-two week low of $24.62 and a fifty-two week high of $37.86.

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

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Monday, August 26th. Radian Group’s payout ratio is presently 25.93%.

Insider Activity at Radian Group

In other Radian Group news, COO Mary Dickerson sold 19,511 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total transaction of $701,030.23. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Sumita Pandit sold 3,817 shares of Radian Group stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.23, for a total transaction of $130,655.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mary Dickerson sold 19,511 shares of the business’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 disclosure for this sale can be found here. Over the last three months, insiders sold 119,772 shares of company stock valued at $4,260,796. 2.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Roth Mkm increased their price objective on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Barclays increased their target price on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada increased their price objective on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Radian Group currently has a consensus rating of “Hold” and a consensus price target of $36.10.

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.