LSV Asset Management Has $201.71 Million Stock Holdings in Radian Group Inc. (NYSE:RDN)

Key Points

• LSV Asset Management has reduced its holdings in Radian Group by 1.1%, now owning 6,099,382 shares valued at approximately $201.7 million.
• Recent insider sales include Eric Ray selling 30,000 shares for about $999,000, reflecting a 68.25% decrease in ownership.
• Research analysts have mixed ratings on Radian Group, with a consensus target price of $37.50 and recent downgrades to a "hold" rating by some firms.

LSV Asset Management trimmed its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 1.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,099,382 shares of the insurance provider's stock after selling 64,887 shares during the quarter. LSV Asset Management owned about 4.32% of Radian Group worth $201,707,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in Radian Group by 11.8% during the first quarter. Federated Hermes Inc. now owns 110,772 shares of the insurance provider's stock worth $3,663,000 after buying an additional 11,648 shares during the period. Natixis Advisors LLC grew its stake in Radian Group by 3.7% during the first quarter. Natixis Advisors LLC now owns 290,314 shares of the insurance provider's stock worth $9,601,000 after buying an additional 10,368 shares during the period. Jefferies Financial Group Inc. grew its stake in Radian Group by 169.5% during the first quarter. Jefferies Financial Group Inc. now owns 104,717 shares of the insurance provider's stock worth $3,463,000 after buying an additional 65,867 shares during the period. Teacher Retirement System of Texas grew its stake in Radian Group by 16.4% during the first quarter. Teacher Retirement System of Texas now owns 39,532 shares of the insurance provider's stock worth $1,307,000 after buying an additional 5,570 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Radian Group by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,780 shares of the insurance provider's stock worth $489,000 after buying an additional 5,182 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RDN. Keefe, Bruyette & Woods downgraded shares of Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 price objective for the company. in a research note on Monday, July 7th. Compass Point downgraded shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Barclays upped their target price on shares of Radian Group from $34.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, UBS Group restated a "neutral" rating and issued a $38.00 target price (up from $36.00) on shares of Radian Group in a research note on Monday, July 14th.

Radian Group Price Performance

RDN traded up $0.20 on Wednesday, reaching $33.46. The company had a trading volume of 535,341 shares, compared to its average volume of 1,510,398. The company has a fifty day moving average of $34.43 and a 200-day moving average of $33.31. The company has a market capitalization of $4.53 billion, a P/E ratio of 8.43 and a beta of 0.74. The company has a current ratio of 1.68, a quick ratio of 3.44 and a debt-to-equity ratio of 0.54. Radian Group Inc. has a one year low of $29.32 and a one year high of $36.99.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. The company had revenue of $318.00 million during the quarter, compared to analyst estimates of $321.97 million. During the same quarter last year, the firm posted $0.98 EPS. The business's revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. Radian Group's dividend payout ratio is currently 25.69%.

Radian Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 21st that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the insurance provider to buy up to 16.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Insider Activity at Radian Group

In related news, EVP Edward J. Hoffman sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $36.00, for a total transaction of $720,000.00. Following the transaction, the executive vice president owned 161,586 shares of the company's stock, valued at approximately $5,817,096. This trade represents a 11.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric Ray sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $33.30, for a total transaction of $999,000.00. Following the transaction, the executive vice president directly owned 13,957 shares in the company, valued at approximately $464,768.10. The trade was a 68.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,378 shares of company stock valued at $2,944,414. Corporate 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.