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

Ellsworth Advisors LLC increased its position in Radian Group Inc. (NYSE:RDN) by 7.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,240 shares of the insurance provider’s stock after buying an additional 1,464 shares during the period. Ellsworth Advisors LLC’s holdings in Radian Group were worth $642,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RDN. Nordea Investment Management AB raised its holdings in shares of Radian Group by 11.2% in the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock worth $6,233,000 after purchasing an additional 19,730 shares during the period. Centiva Capital LP acquired a new position in Radian Group during the third quarter valued at approximately $512,000. Public Sector Pension Investment Board grew its stake in Radian Group by 5.5% during the second quarter. Public Sector Pension Investment Board now owns 331,341 shares of the insurance provider’s stock worth $10,305,000 after buying an additional 17,367 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Radian Group by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock worth $202,789,000 after acquiring an additional 121,166 shares in the last quarter. Finally, Moran Wealth Management LLC purchased a new position in shares of Radian Group in the 3rd quarter valued at $2,650,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In other news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the sale, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods decreased their price target 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. Barclays increased their target price 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 assigned a buy rating to the company. According to MarketBeat, Radian Group presently has an average rating of “Hold” and a consensus price target of $36.30.

Radian Group Stock Performance

NYSE:RDN opened at $32.97 on Tuesday. Radian Group Inc. has a 1-year low of $26.11 and a 1-year high of $37.86. The stock has a market cap of $4.91 billion, a P/E ratio of 8.54, a PEG ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a 50-day moving average of $33.26 and a two-hundred day moving average of $34.14.

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

Radian Group Announces Dividend

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

Radian Group 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.