Corient Private Wealth LLC Has $640,000 Holdings in Radian Group Inc. (NYSE:RDN)

Corient Private Wealth LLC decreased its position in Radian Group Inc. (NYSE:RDN) by 5.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,181 shares of the insurance provider’s stock after selling 1,188 shares during the period. Corient Private Wealth LLC’s holdings in Radian Group were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in RDN. Nordea Investment Management AB boosted its stake in Radian Group by 11.2% in the 4th quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock valued at $6,233,000 after purchasing an additional 19,730 shares during the period. Centiva Capital LP acquired a new position in shares of Radian Group in the third quarter valued at about $512,000. Principal Financial Group Inc. grew its stake in shares of Radian Group by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock valued at $22,915,000 after acquiring an additional 13,202 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Radian Group by 5.3% in the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider’s stock worth $16,205,000 after purchasing an additional 25,500 shares in the last quarter. Finally, EMC Capital Management boosted its holdings in Radian Group by 300.8% in the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock valued at $584,000 after purchasing an additional 13,810 shares during the period. Institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RDN. UBS Group raised their target price on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods lowered their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.80.

Radian Group Stock Performance

NYSE RDN opened at $32.83 on Friday. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The firm’s 50 day simple moving average is $32.70 and its 200 day simple moving average is $33.45.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, research analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.11%. This is a boost from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is 25.95%.

Insider Activity

In related news, Director Gregory Serio sold 4,100 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the transaction, the director now owns 344 shares of the company’s stock, valued at $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Company 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.