River Road Asset Management LLC Sells 52,914 Shares of Radian Group Inc. (NYSE:RDN)

River Road Asset Management LLC trimmed its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,073,468 shares of the insurance provider's stock after selling 52,914 shares during the quarter. River Road Asset Management LLC owned approximately 1.35% of Radian Group worth $59,198,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Point72 Middle East FZE acquired a new stake in Radian Group in the 4th quarter valued at $37,000. Ensign Peak Advisors Inc acquired a new stake in Radian Group in the 3rd quarter valued at $73,000. Comerica Bank acquired a new stake in Radian Group in the 2nd quarter valued at $99,000. Lazard Asset Management LLC grew its stake in Radian Group by 194.7% in the 4th quarter. Lazard Asset Management LLC now owns 4,285 shares of the insurance provider's stock valued at $81,000 after acquiring an additional 2,831 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Radian Group by 49.8% during the 2nd quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider's stock worth $87,000 after purchasing an additional 1,476 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Radian Group Trading Down 0.5 %

NYSE:RDN traded down $0.14 on Wednesday, reaching $29.34. 846,357 shares of the company's stock were exchanged, compared to its average volume of 1,333,024. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 1.83 and a beta of 1.02. The business has a fifty day moving average of $30.20 and a 200-day moving average of $28.19. Radian Group Inc. has a 52-week low of $22.93 and a 52-week high of $33.69.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The company had revenue of $328.64 million for the quarter, compared to analyst estimates of $319.04 million. During the same period in the prior year, the firm earned $1.05 earnings per share. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts expect that Radian Group Inc. will post 3.27 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from Radian Group's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group's dividend payout ratio (DPR) 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.