Court Place Advisors LLC Sells 5,300 Shares of Radian Group Inc. (NYSE:RDN)

Court Place Advisors LLC cut its stake in shares of Radian Group Inc. (NYSE:RDN) by 36.1% in the fourth quarter, HoldingsChannel reports. The fund owned 9,400 shares of the insurance provider’s stock after selling 5,300 shares during the period. Court Place Advisors LLC’s holdings in Radian Group were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RDN. Xponance Inc. lifted its holdings in Radian Group by 2.5% during the second quarter. Xponance Inc. now owns 13,121 shares of the insurance provider’s stock valued at $408,000 after purchasing an additional 321 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Radian Group during the 2nd quarter valued at $116,000. AQR Capital Management LLC boosted its holdings in Radian Group by 70.3% in the 2nd quarter. AQR Capital Management LLC now owns 280,626 shares of the insurance provider’s stock worth $8,727,000 after buying an additional 115,836 shares during the period. Algert Global LLC purchased a new stake in Radian Group in the 2nd quarter worth $474,000. Finally, Point72 Asset Management L.P. raised its holdings in Radian Group by 460.4% during the second quarter. Point72 Asset Management L.P. now owns 660,693 shares of the insurance provider’s stock valued at $20,548,000 after acquiring an additional 542,801 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Radian Group Stock Up 3.0 %

RDN opened at $34.39 on Tuesday. The company has a market capitalization of $5.12 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 1.81 and a beta of 1.06. The firm has a 50-day simple moving average of $33.17 and a two-hundred day simple moving average of $34.21. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a 52 week low of $26.11 and a 52 week high of $37.86.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 EPS 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 company had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. Analysts forecast that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 2.85%. The ex-dividend date was Monday, November 25th. Radian Group’s dividend payout ratio is presently 25.39%.

Insider Buying and Selling

In other Radian Group news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the transaction, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Barclays upped their price target 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.30.

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.