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

Ellsworth Advisors LLC grew its holdings in shares of Radian Group Inc. (NYSE:RDN) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,716 shares of the insurance provider’s stock after purchasing an additional 372 shares during the quarter. Ellsworth Advisors LLC’s holdings in Radian Group were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Point72 Middle East FZE purchased a new position in Radian Group during the fourth quarter valued at $37,000. Ensign Peak Advisors Inc purchased a new position in shares of Radian Group during the 3rd quarter valued at about $73,000. Lazard Asset Management LLC lifted its position in shares of Radian Group by 194.7% during the 4th quarter. Lazard Asset Management LLC now owns 4,285 shares of the insurance provider’s stock valued at $81,000 after buying an additional 2,831 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Radian Group by 49.8% during the 2nd quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 1,476 shares during the period. Finally, Comerica Bank purchased a new stake in Radian Group in the 2nd quarter worth approximately $99,000. Institutional investors own 95.33% of the company’s stock.

Radian Group Price Performance

RDN traded up $0.23 during trading on Thursday, hitting $33.47. 792,897 shares of the company traded hands, compared to its average volume of 1,400,677. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35. The company has a market cap of $5.07 billion, a PE ratio of 8.85, a P/E/G ratio of 1.99 and a beta of 1.01. The stock’s 50-day simple moving average is $29.60 and its two-hundred day simple moving average is $27.64. Radian Group Inc. has a 1 year low of $21.52 and a 1 year high of $33.69.

Radian Group (NYSE:RDN) last issued its 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 return on equity of 14.75% and a net margin of 48.51%. The firm had revenue of $328.64 million for the quarter, compared to analysts’ expectations of $319.04 million. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Radian Group Inc. will post 3.27 earnings per share for the current fiscal year.

Radian Group Increases Dividend

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

Wall Street Analyst Weigh In

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

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.