Cerity Partners LLC Sells 2,115 Shares of Radian Group Inc. (NYSE:RDN)

Cerity Partners LLC lessened its holdings in shares of Radian Group Inc. (NYSE:RDN) by 19.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,859 shares of the insurance provider’s stock after selling 2,115 shares during the period. Cerity Partners LLC’s holdings in Radian Group were worth $293,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Picton Mahoney Asset Management increased its stake in Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 342 shares during the period. MML Investors Services LLC boosted its stake in Radian Group by 4.5% in the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock valued at $295,000 after buying an additional 364 shares in the last quarter. CX Institutional lifted its holdings in shares of Radian Group by 5.8% during the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 451 shares during the period. V Square Quantitative Management LLC increased its position in shares of Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 485 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after buying an additional 528 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group lifted their price target on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their target price on shares of Radian Group from $40.00 to $37.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Radian Group currently has an average rating of “Hold” and a consensus price target of $36.20.

Radian Group Price Performance

Radian Group stock opened at $31.61 on Thursday. Radian Group Inc. has a 12-month low of $29.77 and a 12-month high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 1.73 and a beta of 0.75. The business’s 50-day simple moving average is $32.12 and its 200 day simple moving average is $33.07.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.23%. Radian Group’s dividend payout ratio is 25.95%.

Insider Buying and Selling

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the transaction, the director now directly owns 344 shares in the company, valued at $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.16% of the stock is owned by corporate insiders.

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.