Federated Hermes Inc. Lowers Position in Radian Group Inc. (NYSE:RDN)

Federated Hermes Inc. trimmed its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,124 shares of the insurance provider's stock after selling 25,164 shares during the quarter. Federated Hermes Inc. owned approximately 0.07% of Radian Group worth $3,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its stake in shares of Radian Group by 54.3% in the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 342 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Radian Group by 4.5% during the third quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider's stock valued at $295,000 after purchasing an additional 364 shares in the last quarter. CX Institutional grew its holdings in shares of Radian Group by 5.8% during the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider's stock worth $261,000 after purchasing an additional 451 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Radian Group by 61.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock valued at $40,000 after buying an additional 485 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Radian Group by 21.1% in the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after buying an additional 528 shares during the period. Institutional investors own 95.33% of the company's stock.

Radian Group Trading Up 0.8 %

RDN traded up $0.26 during trading on Friday, hitting $31.64. The company's stock had a trading volume of 1,527,019 shares, compared to its average volume of 1,184,801. The firm has a market capitalization of $4.47 billion, a P/E ratio of 8.05, a PEG ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a twelve month low of $29.17 and a twelve month high of $37.86. The stock's fifty day moving average price is $32.20 and its 200-day moving average price is $33.15. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were issued a $0.255 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.02 annualized dividend and a yield of 3.22%. This is a positive change from Radian Group's previous quarterly dividend of $0.25. Radian Group's dividend payout ratio is presently 25.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RDN shares. Keefe, Bruyette & Woods reduced their target price on shares of Radian Group from $40.00 to $37.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. UBS Group boosted their price objective on shares of Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $36.20.

Insider Buying and Selling at Radian Group

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the transaction, the director now directly owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.16% of the company's stock.

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.