Donald Smith & CO. Inc. Sells 62,423 Shares of Radian Group Inc. (NYSE:RDN)

Donald Smith & CO. Inc. decreased its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,861,070 shares of the insurance provider's stock after selling 62,423 shares during the quarter. Radian Group comprises about 2.3% of Donald Smith & CO. Inc.'s portfolio, making the stock its 18th largest holding. Donald Smith & CO. Inc. owned approximately 1.90% of Radian Group worth $99,251,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Radian Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider's stock worth $684,096,000 after buying an additional 69,383 shares in the last quarter. Jennison Associates LLC bought a new stake in Radian Group during the first quarter valued at $852,000. Leuthold Group LLC acquired a new stake in shares of Radian Group in the 1st quarter worth approximately $3,242,000. Acadian Asset Management LLC acquired a new position in Radian Group in the 1st quarter worth approximately $1,442,000. Finally, Empowered Funds LLC bought a new stake in Radian Group in the first quarter worth approximately $1,059,000. Hedge funds and other institutional investors own 95.33% of the company's stock.

Insiders Place Their Bets

In related news, CFO Sumita Pandit sold 3,817 shares of Radian Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total value of $130,655.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Derek Brummer sold 35,153 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sumita Pandit sold 3,817 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,772 shares of company stock worth $4,260,796. 2.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Roth Mkm upped their target price on shares of Radian Group from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Royal Bank of Canada raised their target price on Radian Group from $32.00 to $37.00 and gave the company a "sector perform" rating in a report on Friday, August 2nd. Barclays boosted their price objective on Radian Group from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Radian Group from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.10.

Radian Group Trading Up 1.7 %

NYSE:RDN traded up $0.58 on Wednesday, reaching $35.27. The company's stock had a trading volume of 1,625,453 shares, compared to its average volume of 1,016,211. The stock has a 50 day moving average price of $34.94 and a 200 day moving average price of $33.10. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. Radian Group Inc. has a 12-month low of $24.92 and a 12-month high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. The company had revenue of $312.37 million during the quarter, compared to the consensus estimate of $324.00 million. On average, equities analysts anticipate that Radian Group Inc. will post 3.75 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were paid a $0.245 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a yield of 2.78%. Radian Group's payout ratio is currently 25.45%.

About Radian Group

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.