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

Court Place Advisors LLC decreased its stake in shares of Radian Group Inc. (NYSE:RDN) by 36.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,400 shares of the insurance provider’s stock after selling 5,300 shares during the quarter. Court Place Advisors LLC’s holdings in Radian Group were worth $298,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RDN. V Square Quantitative Management LLC purchased a new position in shares of Radian Group in the 3rd quarter worth about $27,000. Blue Trust Inc. raised its holdings in Radian Group by 352.4% in the third quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after buying an additional 1,949 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Radian Group in the second quarter worth about $116,000. KBC Group NV lifted its stake in shares of Radian Group by 19.0% in the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after buying an additional 716 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in shares of Radian Group during the third quarter valued at approximately $201,000. 95.33% of the stock is owned by institutional investors.

Insider Transactions at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.16% of the company’s stock.

Radian Group Price Performance

Shares of RDN opened at $34.39 on Tuesday. The firm has a fifty day simple moving average of $33.17 and a two-hundred day simple moving average of $34.21. The firm has a market cap of $5.12 billion, a PE ratio of 8.91, a P/E/G ratio of 1.81 and a beta of 1.06. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a 1-year low of $26.11 and a 1-year high of $37.86.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, topping the consensus estimate 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. On average, equities analysts anticipate that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RDN shares. Keefe, Bruyette & Woods decreased their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Barclays upped their price target on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.