Radian Group Inc. (NYSE:RDN) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its position in Radian Group Inc. (NYSE:RDN) by 0.2% during the 1st quarter, HoldingsChannel reports. The firm owned 878,226 shares of the insurance provider’s stock after selling 2,089 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Radian Group were worth $29,394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of RDN. Kestra Advisory Services LLC lifted its position in Radian Group by 9.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 11,092 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 959 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Radian Group during the 3rd quarter worth about $205,000. Invesco Ltd. raised its position in shares of Radian Group by 0.6% during the 3rd quarter. Invesco Ltd. now owns 1,536,521 shares of the insurance provider’s stock worth $38,582,000 after buying an additional 9,011 shares in the last quarter. Mariner LLC raised its position in shares of Radian Group by 2.2% during the 3rd quarter. Mariner LLC now owns 24,220 shares of the insurance provider’s stock worth $608,000 after buying an additional 515 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Radian Group by 932.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 85,206 shares of the insurance provider’s stock worth $2,140,000 after buying an additional 76,954 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Insider Transactions at Radian Group

In other news, Chairman Howard Bernard Culang sold 10,804 shares of Radian Group stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $31.45, for a total value of $339,785.80. Following the transaction, the chairman now directly owns 8,050 shares of the company’s stock, valued at $253,172.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Derek Brummer sold 35,000 shares of Radian Group stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $31.33, for a total value of $1,096,550.00. Following the transaction, the insider now directly owns 218,023 shares of the company’s stock, valued at $6,830,660.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Howard Bernard Culang sold 10,804 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $31.45, for a total transaction of $339,785.80. Following the transaction, the chairman now directly owns 8,050 shares in the company, valued at $253,172.50. The disclosure for this sale can be found here. Insiders have sold 117,004 shares of company stock valued at $3,651,517 in the last quarter. Insiders own 2.16% of the company’s stock.

Analyst Upgrades and Downgrades

RDN has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Radian Group from $30.00 to $31.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Keefe, Bruyette & Woods upgraded shares of Radian Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $35.00 to $36.00 in a research report on Monday, June 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.13.

Radian Group Price Performance

Shares of RDN traded up $0.19 during mid-day trading on Thursday, hitting $30.78. The company’s stock had a trading volume of 764,441 shares, compared to its average volume of 1,114,895. The firm has a 50-day moving average price of $30.84 and a 200 day moving average price of $29.94. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 1.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.80 and a quick ratio of 1.80. Radian Group Inc. has a fifty-two week low of $24.34 and a fifty-two week high of $33.69.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.20. The company had revenue of $319.42 million for the quarter, compared to analysts’ expectations of $314.76 million. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. On average, research analysts predict that Radian Group Inc. will post 3.52 EPS for the current fiscal year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Tuesday, June 4th were paid a $0.245 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.98 annualized dividend and a dividend yield of 3.18%. Radian Group’s dividend payout ratio is currently 25.93%.

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.