Radian Group Inc. (NYSE:RDN) Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. cut its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,849,926 shares of the insurance provider's stock after selling 11,144 shares during the period. Radian Group accounts for approximately 2.2% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 20th biggest holding. Donald Smith & CO. Inc. owned about 1.91% of Radian Group worth $90,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC increased its position in Radian Group by 0.4% during the 3rd quarter. FMR LLC now owns 3,588,237 shares of the insurance provider's stock valued at $124,476,000 after buying an additional 12,834 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Radian Group during the third quarter valued at about $1,734,000. Erste Asset Management GmbH purchased a new position in shares of Radian Group in the 3rd quarter valued at approximately $369,000. Centiva Capital LP purchased a new stake in Radian Group during the 3rd quarter worth approximately $512,000. Finally, Quantinno Capital Management LP lifted its stake in shares of Radian Group by 8.0% during the third quarter. Quantinno Capital Management LP now owns 7,861 shares of the insurance provider's stock worth $273,000 after buying an additional 579 shares during the period. Hedge funds and other institutional investors own 95.33% of the company's stock.

Radian Group Stock Performance

Shares of RDN traded up $0.64 during trading hours on Tuesday, hitting $31.27. The stock had a trading volume of 862,953 shares, compared to its average volume of 1,768,214. The firm has a 50-day moving average price of $32.61 and a 200 day moving average price of $33.33. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87.

Remove Ads

Radian Group (NYSE:RDN - Get Free Report) last issued 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%. As a group, research analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.26%. This is an increase from Radian Group's previous quarterly dividend of $0.25. Radian Group's dividend payout ratio is currently 25.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RDN shares. UBS Group upped their target price on Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their price objective on shares of Radian Group from $40.00 to $37.00 and set an "outperform" rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $36.20.

Insider Buying and Selling at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.16% of the stock is 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.