Blue Trust Inc. Has $87,000 Stake in Radian Group Inc. (NYSE:RDN)

Blue Trust Inc. grew its position in Radian Group Inc. (NYSE:RDN) by 352.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,502 shares of the insurance provider’s stock after purchasing an additional 1,949 shares during the period. Blue Trust Inc.’s holdings in Radian Group were worth $87,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RDN. V Square Quantitative Management LLC acquired a new stake in Radian Group in the 3rd quarter valued at approximately $27,000. Ellsworth Advisors LLC raised its holdings in shares of Radian Group by 4.4% in the third quarter. Ellsworth Advisors LLC now owns 18,776 shares of the insurance provider’s stock valued at $651,000 after purchasing an additional 797 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Radian Group by 25.3% in the third quarter. Exchange Traded Concepts LLC now owns 27,600 shares of the insurance provider’s stock valued at $957,000 after purchasing an additional 5,581 shares during the last quarter. CWM LLC lifted its position in shares of Radian Group by 2,962.2% in the third quarter. CWM LLC now owns 60,938 shares of the insurance provider’s stock worth $2,114,000 after purchasing an additional 58,948 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Radian Group by 50.6% during the third quarter. GAMMA Investing LLC now owns 6,795 shares of the insurance provider’s stock worth $236,000 after purchasing an additional 2,284 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Radian Group Price Performance

NYSE:RDN opened at $34.68 on Wednesday. Radian Group Inc. has a 12-month low of $24.92 and a 12-month high of $37.86. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 1.82 and a beta of 1.05. The stock’s 50 day moving average price is $34.94 and its two-hundred day moving average price is $33.06. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. The business had revenue of $312.37 million for the quarter, compared to analysts’ expectations of $324.00 million. On average, analysts anticipate that Radian Group Inc. will post 3.75 earnings per share for the current year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Monday, August 26th. Radian Group’s payout ratio is presently 25.45%.

Analyst Ratings Changes

RDN has been the topic of a number of recent research reports. Barclays lifted their target price on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods upped their price objective on Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Roth Mkm raised their target price on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada boosted their target price on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.10.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares in the company, valued at $6,595,877.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Radian Group news, insider Derek Brummer sold 35,153 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares in the company, valued at $6,595,877.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sumita Pandit sold 3,817 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is owned by insiders.

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.