Radian Group Inc. (NYSE:RDN) Stake Lessened by Bruni J V & Co. Co.

Bruni J V & Co. Co. decreased its position in Radian Group Inc. (NYSE:RDN) by 1.7% during the third quarter, Holdings Channel reports. The fund owned 1,634,595 shares of the insurance provider’s stock after selling 28,603 shares during the period. Radian Group comprises approximately 6.3% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 3rd biggest position. Bruni J V & Co. Co.’s holdings in Radian Group were worth $56,704,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Radian Group in the 3rd quarter worth approximately $27,000. Fifth Third Bancorp increased its holdings in Radian Group by 859.3% during the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after buying an additional 1,160 shares during the last quarter. CWM LLC raised its position in Radian Group by 539.9% in the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 1,679 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of Radian Group by 37.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after acquiring an additional 611 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Radian Group by 352.4% during the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 1,949 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Trading Down 1.7 %

RDN stock opened at $34.05 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. Radian Group Inc. has a 1-year low of $24.92 and a 1-year high of $37.86. The business has a 50 day simple moving average of $34.48 and a two-hundred day simple moving average of $33.45. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.73 and a beta of 1.04.

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

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Monday, November 25th. Radian Group’s payout ratio is 25.39%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada boosted their price target on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods boosted their price objective on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays raised 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 note on Tuesday, October 8th. Finally, 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 note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Radian Group presently has an average rating of “Hold” and an average target price of $36.10.

Insider Activity at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total value of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares of the company’s stock, valued at $6,595,877.60. This represents a 15.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Eric Ray sold 53,791 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total transaction of $1,918,724.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,955 shares of company stock valued at $4,130,140. Insiders own 2.16% of the company’s stock.

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.