Ellsworth Advisors LLC Increases Stake in Radian Group Inc. (NYSE:RDN)

Ellsworth Advisors LLC increased its holdings in Radian Group Inc. (NYSE:RDN) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,979 shares of the insurance provider’s stock after acquiring an additional 1,156 shares during the quarter. Ellsworth Advisors LLC’s holdings in Radian Group were worth $559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC raised its holdings in Radian Group by 2.2% in the first quarter. Measured Wealth Private Client Group LLC now owns 20,848 shares of the insurance provider’s stock worth $698,000 after purchasing an additional 453 shares in the last quarter. Astoria Portfolio Advisors LLC. increased its position in shares of Radian Group by 6.7% during the first quarter. Astoria Portfolio Advisors LLC. now owns 7,482 shares of the insurance provider’s stock worth $250,000 after purchasing an additional 470 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Radian Group by 5.2% in the 1st quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider’s stock worth $319,000 after purchasing an additional 474 shares in the last quarter. Hexagon Capital Partners LLC increased its position in Radian Group by 145.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock valued at $27,000 after buying an additional 557 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Radian Group by 7.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,986 shares of the insurance provider’s stock valued at $311,000 after buying an additional 668 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Royal Bank of Canada lifted their price objective on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. UBS Group boosted their price objective on shares of Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Barclays lifted their price target on Radian Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, Roth Mkm increased their price objective on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.90.

Insider Transactions at Radian Group

In related news, CFO Sumita Pandit sold 3,817 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Chairman Howard Bernard Culang sold 10,804 shares of the business’s stock in a transaction 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 completion of the sale, the chairman now owns 8,050 shares of the company’s stock, valued at approximately $253,172.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sumita Pandit sold 3,817 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was 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. Insiders have sold 120,821 shares of company stock valued at $3,782,173 in the last 90 days. 2.16% of the stock is currently owned by company insiders.

Radian Group Stock Performance

Shares of NYSE RDN traded up $0.34 during trading on Friday, reaching $34.82. 696,437 shares of the company traded hands, compared to its average volume of 1,058,520. The stock has a market cap of $5.24 billion, a P/E ratio of 9.21, a PEG ratio of 1.98 and a beta of 1.05. The firm’s fifty day simple moving average is $33.00 and its 200 day simple moving average is $31.29. The company has a current ratio of 0.41, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45. Radian Group Inc. has a 12-month low of $24.56 and a 12-month high of $37.86.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th will be given a $0.245 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.98 annualized dividend and a yield of 2.81%. Radian Group’s dividend payout ratio is presently 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.