LSV Asset Management Sells 64,887 Shares of 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 position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 4.32% of Radian Group worth $201,707,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Covestor Ltd grew its stake in shares of Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider's stock worth $43,000 after acquiring an additional 355 shares during the last quarter. US Bancorp DE lifted its position in Radian Group by 22.7% during the first quarter. US Bancorp DE now owns 3,972 shares of the insurance provider's stock worth $131,000 after buying an additional 735 shares in the last quarter. GAMMA Investing LLC raised its position in Radian Group by 13.9% in the first quarter. GAMMA Investing LLC now owns 7,363 shares of the insurance provider's stock valued at $243,000 after purchasing an additional 900 shares during the period. Quantinno Capital Management LP grew its stake in shares of Radian Group by 9.8% in the fourth quarter. Quantinno Capital Management LP now owns 8,629 shares of the insurance provider's stock valued at $274,000 after buying an additional 768 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in Radian Group by 27.8% in the first quarter. Cerity Partners LLC now owns 11,324 shares of the insurance provider's stock valued at $374,000 after purchasing an additional 2,465 shares during the period. 95.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RDN. Compass Point lowered shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. UBS Group reiterated 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. Barclays increased their target price on 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, Keefe, Bruyette & Woods cut Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 target price for the company. in a research note on Monday, July 7th.

Insider Buying and Selling at Radian Group

In other news, Director Howard Bernard Culang sold 8,773 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.37, for a total transaction of $292,755.01. Following the completion of the transaction, the director owned 8,050 shares of the company's stock, valued at approximately $268,628.50. The trade was a 52.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric Ray sold 30,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $33.30, for a total value of $999,000.00. Following the completion of the sale, the executive vice president directly owned 13,957 shares in the company, valued at $464,768.10. The trade was a 68.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,378 shares of company stock valued at $2,944,414 over the last 90 days. Insiders own 2.16% of the company's stock.

Radian Group Price Performance

Shares of RDN traded down $0.07 on Monday, hitting $32.86. The company's stock had a trading volume of 1,013,891 shares, compared to its average volume of 1,225,842. The company has a 50 day moving average price of $34.45 and a 200 day moving average price of $33.31. The company has a market capitalization of $4.41 billion, a PE ratio of 8.28 and a beta of 0.74. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.44 and a quick ratio of 3.44. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $36.99.

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

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors 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 annualized dividend and a yield of 3.1%. Radian Group's dividend payout ratio is currently 25.69%.

Radian Group declared that its Board of Directors has approved a share buyback program on Wednesday, May 21st that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase up to 16.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

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.