Radian Group Inc. (NYSE:RDN) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC lessened its holdings in Radian Group Inc. (NYSE:RDN) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,700 shares of the insurance provider’s stock after selling 1,000 shares during the quarter. Court Place Advisors LLC’s holdings in Radian Group were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Radian Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock worth $684,096,000 after acquiring an additional 69,383 shares in the last quarter. LSV Asset Management increased its holdings in shares of Radian Group by 0.8% in the 1st quarter. LSV Asset Management now owns 6,863,814 shares of the insurance provider’s stock valued at $229,732,000 after purchasing an additional 52,397 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Radian Group by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock valued at $172,365,000 after purchasing an additional 89,363 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Radian Group by 0.8% during the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock worth $97,437,000 after buying an additional 25,862 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Radian Group by 18.2% during the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock worth $88,136,000 after buying an additional 435,751 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity at Radian Group

In other 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 value of $130,655.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Sumita Pandit sold 3,817 shares of Radian Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Derek Brummer sold 35,153 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 186,535 shares in the company, 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. Over the last 90 days, insiders have sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is owned by insiders.

Radian Group Trading Down 0.6 %

Shares of NYSE:RDN traded down $0.20 during midday trading on Friday, reaching $34.13. The company’s stock had a trading volume of 32,972 shares, compared to its average volume of 1,005,312. The business has a 50 day moving average price of $34.98 and a 200 day moving average price of $32.99. Radian Group Inc. has a 1 year low of $24.62 and a 1 year high of $37.86. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45.

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

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were given a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Monday, August 26th. Radian Group’s dividend payout ratio (DPR) is currently 25.93%.

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.