Hotchkis & Wiley Capital Management LLC Decreases Stake in Radian Group Inc. (NYSE:RDN)

Hotchkis & Wiley Capital Management LLC lowered its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 10.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 347,550 shares of the insurance provider's stock after selling 41,940 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.23% of Radian Group worth $12,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RDN. Price T Rowe Associates Inc. MD increased its stake in shares of Radian Group by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 116,282 shares of the insurance provider's stock worth $3,893,000 after acquiring an additional 5,195 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Radian Group during the first quarter worth $105,000. Tidal Investments LLC boosted its holdings in Radian Group by 5.2% during the first quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider's stock worth $319,000 after buying an additional 474 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Radian Group by 18.8% during the second quarter. GAMMA Investing LLC now owns 4,511 shares of the insurance provider's stock worth $140,000 after buying an additional 714 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Radian Group by 6.8% during the second quarter. Harbor Capital Advisors Inc. now owns 45,112 shares of the insurance provider's stock worth $1,403,000 after buying an additional 2,880 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Activity

In other news, insider Derek Brummer sold 35,153 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the transaction, the insider now owns 186,535 shares of the company's stock, valued at approximately $6,595,877.60. This trade represents a 15.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.16% of the company's stock.

Radian Group Trading Down 1.7 %

Radian Group stock traded down $0.59 during midday trading on Wednesday, hitting $34.94. 1,323,537 shares of the stock were exchanged, compared to its average volume of 1,043,520. Radian Group Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $37.86. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.79 and a beta of 1.04. The stock's 50-day simple moving average is $34.48 and its 200 day simple moving average is $33.77. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42.

Radian Group (NYSE:RDN - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The business had revenue of $319.05 million during the quarter, compared to analysts' expectations of $320.30 million. On average, equities analysts anticipate that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, November 25th. Radian Group's payout ratio is 25.39%.

Wall Street Analyst Weigh In

Separately, Barclays increased their price objective on shares of Radian Group from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Three investment 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 currently has an average rating of "Hold" and an average price target of $36.10.

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.