LSV Asset Management Reduces Position in Radian Group Inc. (NYSE:RDN)

LSV Asset Management lowered its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,164,269 shares of the insurance provider's stock after selling 218,958 shares during the period. LSV Asset Management owned 4.14% of Radian Group worth $195,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RDN. Picton Mahoney Asset Management boosted its stake in shares of Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares during the last quarter. V Square Quantitative Management LLC boosted its position in Radian Group by 61.5% during 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 last quarter. Smartleaf Asset Management LLC grew its stake in Radian Group by 124.8% in the 4th 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 lifted its stake in shares of Radian Group by 735.8% during the 4th 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. Finally, Blue Trust Inc. boosted its holdings in shares of Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock worth $105,000 after purchasing an additional 528 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have issued reports on RDN shares. UBS Group raised their price target on Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods lowered their target price on shares of Radian Group from $40.00 to $37.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Radian Group has a consensus rating of "Hold" and a consensus price target of $36.20.

Radian Group Trading Down 0.3 %

Shares of NYSE RDN traded down $0.09 during midday trading on Tuesday, hitting $32.56. The stock had a trading volume of 286,600 shares, compared to its average volume of 1,174,057. Radian Group Inc. has a 1-year low of $29.17 and a 1-year high of $37.86. The company has a fifty day moving average price of $32.28 and a 200 day moving average price of $33.19. 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 company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.73 and a beta of 0.75.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts predict 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. Shareholders of record on Monday, February 24th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from Radian Group's previous quarterly dividend of $0.25. Radian Group's payout ratio is currently 25.95%.

Insider Transactions at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 344 shares in the company, valued at $11,231.60. This represents a 92.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.16% of the company's stock.

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.