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

Court Place Advisors LLC reduced its stake in shares of Radian Group Inc. (NYSE:RDN) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,500 shares of the insurance provider’s stock after selling 400 shares during the period. Court Place Advisors LLC’s holdings in Radian Group were worth $471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDN. Point72 Middle East FZE acquired a new position in Radian Group during the fourth quarter valued at $37,000. Ensign Peak Advisors Inc acquired a new position in Radian Group during the third quarter valued at $73,000. Lazard Asset Management LLC lifted its position in Radian Group by 194.7% during the fourth quarter. Lazard Asset Management LLC now owns 4,285 shares of the insurance provider’s stock valued at $81,000 after purchasing an additional 2,831 shares during the period. Captrust Financial Advisors lifted its position in Radian Group by 49.8% during the second quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 1,476 shares during the period. Finally, Comerica Bank acquired a new position in Radian Group during the second quarter valued at $99,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $35.00 target price (down from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, Radian Group has a consensus rating of “Hold” and a consensus price target of $30.00.

Radian Group Price Performance

Shares of Radian Group stock traded down $0.14 during trading hours on Wednesday, reaching $29.34. The stock had a trading volume of 846,357 shares, compared to its average volume of 1,333,024. The stock’s 50 day moving average is $30.20 and its 200 day moving average is $28.19. The firm has a market capitalization of $4.45 billion, a PE ratio of 7.76, a PEG ratio of 1.83 and a beta of 1.02. Radian Group Inc. has a twelve month low of $22.93 and a twelve month high of $33.69. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $328.64 million during the quarter, compared to the consensus estimate of $319.04 million. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Equities analysts expect that Radian Group Inc. will post 3.27 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.34%. This is a boost from Radian Group’s previous quarterly dividend of $0.23. Radian Group’s payout ratio 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.