Radian Group Inc. (NYSE:RDN) Shares Purchased by Ellsworth Advisors LLC

Ellsworth Advisors LLC raised its holdings in Radian Group Inc. (NYSE:RDN) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,240 shares of the insurance provider’s stock after acquiring an additional 1,464 shares during the quarter. Ellsworth Advisors LLC’s holdings in Radian Group were worth $642,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in Radian Group during the third quarter worth about $27,000. Blue Trust Inc. grew its holdings in shares of Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 1,949 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Radian Group in the 2nd quarter valued at approximately $116,000. KBC Group NV raised its holdings in Radian Group by 19.0% during the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 716 shares during the last quarter. Finally, Forum Financial Management LP purchased a new stake in Radian Group during the third quarter worth $201,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RDN. Barclays raised their price target on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods cut their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.30.

Insiders Place Their Bets

In related news, insider Derek Brummer sold 14,705 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total transaction of $509,528.25. Following the transaction, the insider now directly owns 171,830 shares in the company, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Radian Group Trading Down 0.4 %

Radian Group stock opened at $32.97 on Tuesday. The stock has a 50-day moving average price of $33.26 and a 200 day moving average price of $34.14. Radian Group Inc. has a 52 week low of $26.11 and a 52 week high of $37.86. The stock has a market cap of $4.91 billion, a PE ratio of 8.54, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The business had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. Equities research analysts predict that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were issued a $0.245 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.98 annualized dividend and a yield of 2.97%. Radian Group’s dividend payout ratio (DPR) is presently 25.39%.

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.