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

Bruni J V & Co. Co. cut its position in Radian Group Inc. (NYSE:RDN) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,634,595 shares of the insurance provider’s stock after selling 28,603 shares during the quarter. Radian Group comprises 6.3% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 3rd biggest position. Bruni J V & Co. Co. owned about 1.09% of Radian Group worth $56,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RDN. V Square Quantitative Management LLC purchased a new position in shares of Radian Group during the third quarter worth about $27,000. Fifth Third Bancorp raised its position 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 purchasing an additional 1,160 shares in the last quarter. CWM LLC lifted its stake in Radian Group by 539.9% during the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 1,679 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Radian Group by 37.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after purchasing an additional 611 shares in the last quarter. Finally, Blue Trust Inc. increased 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 purchasing an additional 1,949 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction dated 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 completion of the transaction, the insider now owns 186,535 shares of the company’s stock, valued at $6,595,877.60. The trade was a 15.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mary Dickerson sold 19,511 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total transaction of $701,030.23. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,955 shares of company stock worth $4,130,140. Insiders own 2.16% of the company’s stock.

Radian Group Price Performance

Shares of NYSE RDN opened at $34.05 on Tuesday. Radian Group Inc. has a 1 year low of $24.92 and a 1 year high of $37.86. The stock has a market capitalization of $5.07 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.73 and a beta of 1.04. The company’s 50-day moving average is $34.48 and its 200 day moving average is $33.45. 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 (NYSE:RDN) last posted 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 for the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. On average, sell-side analysts expect that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays upped their target price on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Roth Mkm lifted their target price 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. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Radian Group presently has a consensus rating of “Hold” and a consensus target price of $36.10.

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.