Wealth Enhancement Advisory Services LLC Reduces Position in Radian Group Inc. (NYSE:RDN)

Wealth Enhancement Advisory Services LLC trimmed its stake in Radian Group Inc. (NYSE:RDN) by 0.9% in the third quarter, HoldingsChannel.com reports. The fund owned 860,146 shares of the insurance provider’s stock after selling 7,578 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Radian Group were worth $29,838,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Radian Group during the third quarter worth approximately $27,000. Fifth Third Bancorp lifted its stake in shares of Radian Group by 859.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 1,160 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Radian Group by 75.3% during the first quarter. Hexagon Capital Partners LLC now owns 1,650 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 709 shares during the last quarter. CWM LLC grew its position in shares of Radian Group by 539.9% in the second quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 1,679 shares during the period. Finally, Blue Trust Inc. increased its stake in Radian Group by 352.4% in the third 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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RDN. Roth Mkm raised their price target on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada raised their target price on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Barclays upped their price target on shares of Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. 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 note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Radian Group has a consensus rating of “Hold” and an average target price of $36.10.

Radian Group Trading Down 2.2 %

NYSE RDN opened at $33.56 on Monday. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 1.82 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84. Radian Group Inc. has a one year low of $24.62 and a one year high of $37.86. The company’s 50 day moving average price is $34.96 and its 200 day moving average price is $33.04.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The company had revenue of $312.37 million for the quarter, compared to analysts’ expectations of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. On average, sell-side analysts predict that Radian Group Inc. will post 3.75 EPS for the current year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a yield of 2.92%. Radian Group’s dividend payout ratio (DPR) is presently 25.93%.

Insider Buying and Selling at Radian Group

In other news, CFO Sumita Pandit sold 3,817 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.23, for a total transaction of $130,655.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Sumita Pandit sold 3,817 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.23, for a total value of $130,655.91. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,772 shares of company stock worth $4,260,796 in the last 90 days. 2.16% of the stock is owned by corporate insiders.

About Radian Group

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.