Brandywine Global Investment Management LLC reduced its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 382,135 shares of the insurance provider's stock after selling 64,324 shares during the period. Brandywine Global Investment Management LLC owned 0.26% of Radian Group worth $12,121,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management lifted its holdings in Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after buying an additional 342 shares during the period. V Square Quantitative Management LLC lifted its stake in Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after acquiring an additional 485 shares during the period. Smartleaf Asset Management LLC lifted its stake in Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock worth $75,000 after acquiring an additional 1,320 shares during the period. Jones Financial Companies Lllp boosted its holdings in Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock valued at $76,000 after acquiring an additional 2,119 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock worth $105,000 after purchasing an additional 528 shares in the last quarter. 95.33% of the stock is owned by institutional investors.
Insider Buying and Selling at Radian Group
In other news, Director Gregory Serio sold 4,100 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, the director now directly owns 344 shares of the company's stock, valued at approximately $11,231.60. This represents a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.16% of the stock is owned by company insiders.
Analyst Ratings Changes
RDN has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. UBS Group lifted their price objective on Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $36.80.
Read Our Latest Research Report on RDN
Radian Group Stock Down 4.8 %
Shares of NYSE:RDN traded down $1.56 during midday trading on Friday, reaching $31.29. The company's stock had a trading volume of 2,816,684 shares, compared to its average volume of 1,142,059. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $32.68 and a 200-day moving average of $33.38. The firm has a market capitalization of $4.54 billion, a P/E ratio of 7.96, a PEG ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a 12-month low of $29.17 and a 12-month high of $37.86.
Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.
Radian Group Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Monday, February 24th. This is a positive change from Radian Group's previous quarterly dividend of $0.25. Radian Group's dividend payout ratio (DPR) is 25.95%.
About Radian Group
(
Free Report)
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.
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