LSV Asset Management Lowers Holdings in Radian Group Inc. (NYSE:RDN)

LSV Asset Management trimmed its stake in shares of Radian Group Inc. (NYSE:RDN) by 2.3% during the 4th quarter, Holdings Channel reports. The fund owned 6,811,417 shares of the insurance provider’s stock after selling 161,672 shares during the quarter. LSV Asset Management’s holdings in Radian Group were worth $194,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Donald Smith & CO. Inc. raised its position in shares of Radian Group by 17.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,012,334 shares of the insurance provider’s stock worth $114,552,000 after acquiring an additional 594,752 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Radian Group by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,963,235 shares of the insurance provider’s stock worth $99,517,000 after purchasing an additional 116,774 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Radian Group by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 2,302,346 shares of the insurance provider’s stock valued at $57,812,000 after purchasing an additional 17,829 shares during the period. American Century Companies Inc. increased its position in shares of Radian Group by 12.4% in the third quarter. American Century Companies Inc. now owns 1,855,310 shares of the insurance provider’s stock valued at $46,587,000 after buying an additional 204,459 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Radian Group by 0.6% during the 3rd quarter. Invesco Ltd. now owns 1,536,521 shares of the insurance provider’s stock worth $38,582,000 after buying an additional 9,011 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $35.00 price target (down previously from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Radian Group Price Performance

Shares of NYSE RDN traded up $0.05 during midday trading on Friday, hitting $30.79. The stock had a trading volume of 856,640 shares, compared to its average volume of 838,493. The company has a quick ratio of 1.65, a current ratio of 0.40 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $30.80 and a 200-day simple moving average of $28.53. The company has a market capitalization of $4.66 billion, a PE ratio of 8.15, a P/E/G ratio of 1.89 and a beta of 1.03. Radian Group Inc. has a 1 year low of $23.13 and a 1 year high of $33.69.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.83 by $0.20. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. The firm had revenue of $319.42 million during the quarter, compared to the consensus estimate of $314.76 million. During the same period in the prior year, the company earned $0.98 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts expect that Radian Group Inc. will post 3.27 EPS for the current fiscal year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a dividend of $0.245 per share. The ex-dividend date was Friday, February 23rd. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 dividend on an annualized basis and a yield of 3.18%. Radian Group’s payout ratio is presently 25.93%.

Radian Group 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.