Radian Group Inc. (NYSE:RDN) Shares Sold by Bruni J V & Co. Co.

Bruni J V & Co. Co. reduced its position in Radian Group Inc. (NYSE:RDN - Free Report) by 1.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,634,595 shares of the insurance provider's stock after selling 28,603 shares during the quarter. Radian Group comprises about 6.3% of Bruni J V & Co. Co.'s holdings, making the stock its 3rd largest position. Bruni J V & Co. Co. owned approximately 1.09% of Radian Group worth $56,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quest Partners LLC acquired a new position in shares of Radian Group during the 3rd quarter worth $1,161,000. KBC Group NV grew its stake in shares of Radian Group by 19.0% during the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider's stock worth $155,000 after purchasing an additional 716 shares during the period. Versor Investments LP grew its stake in shares of Radian Group by 316.7% during the 3rd quarter. Versor Investments LP now owns 49,239 shares of the insurance provider's stock worth $1,708,000 after purchasing an additional 37,422 shares during the period. QRG Capital Management Inc. grew its stake in shares of Radian Group by 1.1% during the 3rd quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider's stock worth $1,089,000 after purchasing an additional 339 shares during the period. Finally, Forum Financial Management LP acquired a new position in shares of Radian Group during the 3rd quarter worth $201,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Radian Group from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Royal Bank of Canada boosted 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 report on Friday, August 2nd. Roth Mkm boosted their price objective on shares of Radian Group from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Finally, Barclays boosted their price objective on shares of Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 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, the company has a consensus rating of "Hold" and a consensus price target of $36.10.

Insider Transactions at Radian Group

In other news, CAO Robert Quigley sold 7,500 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the transaction, the chief accounting officer now directly owns 48,392 shares in the company, valued at $1,725,174.80. This represents a 13.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Mary Dickerson sold 19,511 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $35.93, for a total transaction of $701,030.23. The disclosure for this sale can be found here. Insiders have sold a total of 115,955 shares of company stock worth $4,130,140 in the last three months. Company insiders own 2.16% of the company's stock.

Radian Group Trading Down 0.7 %

NYSE:RDN traded down $0.23 on Tuesday, reaching $33.85. The stock had a trading volume of 1,340,225 shares, compared to its average volume of 1,049,849. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The firm's fifty day moving average is $34.45 and its two-hundred day moving average is $33.50. Radian Group Inc. has a 12-month low of $24.92 and a 12-month high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.15. The company had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. Equities analysts expect that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 2.90%. Radian Group's payout ratio is currently 25.39%.

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.