Bruni J V & Co. Co. Cuts Position in Radian Group Inc. (NYSE:RDN)

Bruni J V & Co. Co. reduced its position in Radian Group Inc. (NYSE:RDN - Free Report) by 12.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,673,733 shares of the insurance provider's stock after selling 246,573 shares during the quarter. Radian Group comprises about 5.9% of Bruni J V & Co. Co.'s holdings, making the stock its 3rd largest position. Bruni J V & Co. Co. owned approximately 1.09% of Radian Group worth $47,785,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RDN. GAMMA Investing LLC acquired a new position in Radian Group in the 4th quarter valued at $101,000. CI Investments Inc. acquired a new position in shares of Radian Group during the 3rd quarter worth $148,000. International Assets Investment Management LLC grew its stake in shares of Radian Group by 923.0% during the 4th quarter. International Assets Investment Management LLC now owns 5,258 shares of the insurance provider's stock worth $150,000 after purchasing an additional 4,744 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Radian Group during the 3rd quarter worth $205,000. Finally, Versor Investments LP acquired a new position in shares of Radian Group during the 3rd quarter worth $226,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Radian Group Price Performance

Shares of Radian Group stock traded up $0.04 on Friday, hitting $30.35. The company's stock had a trading volume of 551,740 shares, compared to its average volume of 892,593. The company has a market capitalization of $4.60 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 1.86 and a beta of 1.02. 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 fifty day moving average price of $30.51 and a 200-day moving average price of $28.41. 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 released its earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.10. The company had revenue of $328.64 million for the quarter, compared to analyst estimates of $319.04 million. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. On average, equities research analysts expect that Radian Group Inc. will post 3.27 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 3.23%. This is a positive change from Radian Group's previous quarterly dividend of $0.23. The ex-dividend date was Friday, February 23rd. Radian Group's dividend payout ratio is 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.