Carolina Wealth Advisors LLC Has $29,000 Holdings in Radian Group Inc. (NYSE:RDN)

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

Several other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC lifted its stake in Radian Group by 6.4% during the fourth quarter. Sanctuary Advisors LLC now owns 21,858 shares of the insurance provider's stock valued at $756,000 after buying an additional 1,317 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Radian Group by 1.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 84,441 shares of the insurance provider's stock worth $2,678,000 after acquiring an additional 942 shares during the period. QRG Capital Management Inc. boosted its position in Radian Group by 6.5% during the 4th quarter. QRG Capital Management Inc. now owns 33,442 shares of the insurance provider's stock worth $1,061,000 after acquiring an additional 2,050 shares during the period. Smartleaf Asset Management LLC grew its stake in Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock valued at $75,000 after acquiring an additional 1,320 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after purchasing an additional 2,119 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Transactions at Radian Group

In other Radian Group news, Director Noel Joseph Spiegel sold 5,105 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $33.66, for a total transaction of $171,834.30. Following the completion of the sale, the director owned 20,008 shares in the company, valued at approximately $673,469.28. The trade was a 20.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lisa Mumford sold 2,500 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $33.45, for a total value of $83,625.00. Following the completion of the transaction, the director directly owned 22,329 shares in the company, valued at $746,905.05. The trade was a 10.07% decrease in their position. 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 over the last ninety days. 2.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on RDN shares. Compass Point cut Radian Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. UBS Group increased their target price on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $38.00 price objective (up previously from $37.00) on shares of Radian Group in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $36.83.

Radian Group Price Performance

Shares of NYSE RDN traded up $0.52 during midday trading on Tuesday, reaching $36.54. 1,136,745 shares of the company traded hands, compared to its average volume of 1,276,695. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $37.86. 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's 50-day simple moving average is $33.84 and its 200-day simple moving average is $32.89. The firm has a market cap of $4.91 billion, a PE ratio of 9.30 and a beta of 0.71.

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

Radian Group declared that its board has authorized a stock buyback program on Wednesday, May 21st that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the insurance provider to purchase up to 16.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 2nd were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.02 annualized dividend and a yield of 2.79%. Radian Group's dividend payout ratio (DPR) is 25.95%.

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.