Federated Hermes Inc. Cuts Stake in Radian Group Inc. (NYSE:RDN)

Federated Hermes Inc. lessened its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 59.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,535 shares of the insurance provider's stock after selling 50,147 shares during the quarter. Federated Hermes Inc.'s holdings in Radian Group were worth $986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Radian Group by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,963,235 shares of the insurance provider's stock worth $99,517,000 after purchasing an additional 116,774 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Radian Group by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 2,302,346 shares of the insurance provider's stock worth $57,812,000 after purchasing an additional 17,829 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Radian Group by 12.4% in the third quarter. American Century Companies Inc. now owns 1,855,310 shares of the insurance provider's stock worth $46,587,000 after purchasing an additional 204,459 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Radian Group by 117.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,694,765 shares of the insurance provider's stock worth $42,556,000 after purchasing an additional 914,046 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Radian Group by 0.6% in the third quarter. Invesco Ltd. now owns 1,536,521 shares of the insurance provider's stock worth $38,582,000 after purchasing an additional 9,011 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Radian Group Stock Performance

NYSE RDN traded up $0.30 on Wednesday, hitting $30.17. 731,901 shares of the stock were exchanged, compared to its average volume of 1,261,775. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 1.65. The business's fifty day moving average is $30.66 and its 200 day moving average is $28.47. Radian Group Inc. has a 52 week low of $22.93 and a 52 week high of $33.69. The company has a market capitalization of $4.57 billion, a PE ratio of 7.98, a P/E/G ratio of 1.86 and a beta of 1.02.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, beating the consensus estimate 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 company's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 earnings per share. Research analysts anticipate that Radian Group Inc. will post 3.27 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a $0.245 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Radian Group's previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a dividend yield of 3.25%. Radian Group's dividend payout ratio is presently 25.93%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $35.00 price objective (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 assigned a hold rating to the company's stock. According to data from MarketBeat.com, Radian Group has a consensus rating of "Hold" and a consensus price target of $30.00.

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.