Ellsworth Advisors LLC Purchases 372 Shares of Radian Group Inc. (NYSE:RDN)

Ellsworth Advisors LLC lifted its holdings in Radian Group Inc. (NYSE:RDN) by 2.4% during the 4th quarter, Holdings Channel reports. The fund owned 15,716 shares of the insurance provider’s stock after acquiring an additional 372 shares during the quarter. Ellsworth Advisors LLC’s holdings in Radian Group were worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RDN. Exchange Traded Concepts LLC increased its stake in shares of Radian Group by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 27,318 shares of the insurance provider’s stock valued at $780,000 after buying an additional 389 shares in the last quarter. Arizona State Retirement System increased its position in Radian Group by 1.1% in the 3rd quarter. Arizona State Retirement System now owns 44,518 shares of the insurance provider’s stock valued at $1,118,000 after acquiring an additional 466 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Radian Group by 3.8% in the second quarter. Ameritas Investment Partners Inc. now owns 13,005 shares of the insurance provider’s stock worth $329,000 after acquiring an additional 477 shares during the last quarter. Mariner LLC lifted its position in shares of Radian Group by 2.2% during the third quarter. Mariner LLC now owns 24,220 shares of the insurance provider’s stock worth $608,000 after purchasing an additional 515 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Radian Group by 3.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,866 shares of the insurance provider’s stock valued at $474,000 after purchasing an additional 546 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and set a $29.00 target price for the company in a research report on Wednesday, December 13th. UBS Group assumed coverage on Radian Group in a research note on Wednesday, December 6th. They set a “neutral” rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.60.

Radian Group Stock Up 0.7 %

Shares of Radian Group stock traded up $0.23 on Thursday, reaching $33.47. 792,897 shares of the company were exchanged, compared to its average volume of 1,400,677. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 1.99 and a beta of 1.01. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35. Radian Group Inc. has a one year low of $21.52 and a one year high of $33.69. The company has a 50-day moving average of $29.60 and a 200 day moving average of $27.64.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The firm had revenue of $328.64 million for the quarter, compared to analyst estimates of $319.04 million. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, equities research analysts forecast that Radian Group Inc. will post 3.27 earnings per share for the current year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.93%. This is a boost from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s dividend payout ratio (DPR) is presently 25.93%.

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.