Carolina Wealth Advisors LLC Invests $3.12 Million in Radian Group Inc. (NYSE:RDN)

Financial Advisors


Carolina Wealth Advisors LLC purchased a new position in Radian Group (NYSE:RDN – Get Rating) shares in the first quarter, according to the company’s latest disclosure filed with the Securities and Exchange Commission (SEC). . The company purchased 141,238 shares of insurance company stock, valued at approximately $3,121,000. The Radian Group accounts for approximately 1.8% of Carolina Wealth Advisors LLC’s investment portfolio, making it the company’s 23rd largest shareholding. Carolina Wealth Advisors LLC owned a 0.09% stake in Radian Group at the end of the most recent quarter.

Other hedge funds have also recently changed their stakes in the company. Lazard Asset Management LLC increased his position in Radian Group shares by 1,399.0% during the third quarter. Lazard Asset Management LLC now owns 1,454 shares of the insurance company worth $28,000 after purchasing an additional 1,357 shares during the period. Point72 Middle East FZE acquired new shares of Radian Group stock valued at approximately $37,000 during the fourth quarter. Ensign Peak Advisors Inc acquired new shares of Radian Group stock valued at approximately $73,000 during the third quarter. Captrust Financial Advisors increased its stake in Radian Group by 49.8% in the second quarter. Captrust Financial Advisors purchased an additional 1,476 shares in him last quarter and now owns 4,441 shares in the insurance company, valued at $87,000. Finally, Dark Forest Capital Management LP increased its stake in Radian Group by 2,130.1% during the fourth quarter. Dark Forest Capital Management LP purchased an additional 5,730 shares last quarter and now owns 5,999 shares of the insurance company, valued at $114,000.

Wall Street analysts forecast growth

A number of research analysts recently released reports on the company. StockNews.com undertook coverage of the Radian Group in a report on Thursday, May 18th. They set a “Hold” rating on the company. Bank of America downgraded Radian Group to “underperform” from “buy” in a report on Tuesday, May 9. Keefe, Bruyette & Woods downgraded Radian Group from an ‘outperform’ rating to a ‘market performance’ rating and set a price target for the company at $27.50. In a report on Monday, June 12th. Finally, Compasspoint upgraded Radian Group from a Neutral rating to a Buy rating and set a $29.00 price target for the company in its report on Tuesday, April 11. One research analyst assigned the stock a sell rating, five hold ratings, and two buy ratings. Based on MarketBeat.com data, the company has an average rating of Hold and a consensus price target of $25.00.

Radian Group Stock Price Trend

NYSE RDN stock rose $0.06 to $25.02 in Friday noon trading. 465,517 shares were exchanged against an average turnover of 1,891,348 shares in the company’s stock. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt to equity ratio of 0.37. The Radian Group hit a 12-month low of $17.83 and a 12-month high of $26.74. The company has a 50-day moving average price of $24.90 and a 200-day moving average price of $22.24. The company has a market capitalization of $3.91 billion, a price/earnings multiple of 5.75 times, a price/earnings multiple of 1.53 times, and a beta of 1.14 times.

The Radian Group (NYSE:RDN – Get Rating) last reported earnings on Wednesday, May 3. The insurer reported EPS of $0.98 for the quarter, $0.23 above consensus expectations of $0.75. Radian Group’s return on equity was 19.90% and net profit margin was 59.55%. The company’s revenue for the quarter was $310.62 million, compared to consensus expectations of $313.37 million. The company’s EPS in the year-ago quarter was $1.17. The company’s revenue for the quarter increased by 6.0% compared to the same period last year. Analysts expect the group as a whole to post earnings per share of 3.28 for the current financial year for Radian Group.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid out on Wednesday, June 14. Shareholders of record on Tuesday, May 30 were paid a dividend of $0.225 per share. The ex-dividend date was Friday, May 26. This equates to a $0.90 annual dividend and his 3.60% dividend yield. Radian Group’s dividend payout ratio is currently 20.74%.

Insider Trading at Radian Group

In related news, insider Derek Bloomer sold 18,000 Radian Group shares in a deal that took place on Wednesday, May 10. The stock sold at an average price of $24.75 for a total trading value of $445,500.00. Following the closing of the sale, Insiders will own directly 153,990 shares of the Company’s stock, valued at approximately $3,811,252.50. The transaction was disclosed in legal filings with the SEC, which can be accessed on the SEC’s website. In related news, insider Derek Bloomer sold 18,000 Radian Group shares in a deal that took place on Wednesday, May 10. The stock sold at an average price of $24.75 for a total trading value of $445,500.00. Following the closing of the sale, Insiders will own directly 153,990 shares of the Company’s stock, valued at approximately $3,811,252.50. The transaction was disclosed in legal filings with the SEC, which can be accessed on the SEC’s website. Director Gregory Serio also sold 11,000 Radian Group shares in a transaction that took place on Friday, May 19. The shares were sold at an average price of $25.72 for a total of $282,920.00. After the sale, the directors became direct owners of 12,021 shares of the company, valued at $309,180.12. Disclosure information regarding this sale can be found here. In the past three months, insiders have sold 126,892 shares of the company, valued at $3,242,329. 1.58% of the shares are owned by corporate insiders.

Radian Group Profile

(get rating)

Radian Group Inc, together with its subsidiaries, is engaged in the mortgage and real estate services business in the United States. The company operates through its mortgage division and Homegenius division. The Mortgage segment provides credit-related insurance through private mortgage insurance, other credit risk management and underwriting solutions, primarily for residential first mortgages.

References

Want to know if other hedge funds hold RDNs? Visit HoldingsChannel.com to get the latest Radian Group Inc. (NYSE:RDN – Get Rating) 13F filings and insider trading.

Radian Group Quarterly Institutional Ownership (NYSE:RDN)

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