Radian Group Inc. (NYSE:RDN) Shares Sold by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC trimmed its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 99.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 881 shares of the insurance provider's stock after selling 230,749 shares during the quarter. Carolina Wealth Advisors LLC's holdings in Radian Group were worth $29,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Radian Group in the 4th quarter worth about $73,693,000. First Trust Advisors LP increased its holdings in Radian Group by 20.6% during the 4th quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock worth $341,505,000 after purchasing an additional 1,836,020 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Radian Group by 109.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 901,260 shares of the insurance provider's stock valued at $28,588,000 after purchasing an additional 470,158 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Radian Group during the 4th quarter valued at $9,564,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Radian Group by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider's stock worth $193,307,000 after buying an additional 248,423 shares during the period. 95.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Radian Group news, Director Howard Bernard Culang sold 8,773 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.37, for a total value of $292,755.01. Following the completion of the transaction, the director now owns 8,050 shares of the company's stock, valued at approximately $268,628.50. This trade represents a 52.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Eric Ray sold 30,000 shares of Radian Group stock in a transaction on Friday, June 6th. The stock was sold at an average price of $33.30, for a total transaction of $999,000.00. Following the sale, the executive vice president now owns 13,957 shares of the company's stock, valued at $464,768.10. The trade was a 68.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,378 shares of company stock worth $2,944,414 in the last ninety days. 2.01% of the stock is owned by insiders.

Radian Group Stock Up 0.4%

RDN traded up $0.13 on Friday, hitting $36.01. The company had a trading volume of 2,446,011 shares, compared to its average volume of 1,277,848. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 9.16 and a beta of 0.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.44 and a current ratio of 3.44. The stock has a fifty day moving average price of $33.74 and a 200-day moving average price of $32.89. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. The company had revenue of $318.11 million during the quarter, compared to analysts' expectations of $326.99 million. Radian Group had a net margin of 46.29% and a return on equity of 13.54%. Radian Group's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. Analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group declared that its Board of Directors has initiated a share buyback program on Wednesday, May 21st that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the insurance provider to reacquire up to 16.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.83%. Radian Group's payout ratio is 25.95%.

Analysts Set New Price Targets

Several equities analysts have recently commented on RDN shares. Compass Point lowered Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $38.00 target price (up previously from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. Finally, UBS Group upped their price target on shares of Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $36.83.

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.