LSV Asset Management Sells 161,672 Shares of Radian Group Inc. (NYSE:RDN)

LSV Asset Management decreased its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,811,417 shares of the insurance provider's stock after selling 161,672 shares during the quarter. LSV Asset Management owned approximately 4.45% of Radian Group worth $194,466,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Los Angeles Capital Management LLC increased its holdings in Radian Group by 59.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 44,347 shares of the insurance provider's stock worth $1,266,000 after buying an additional 16,483 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Radian Group by 145.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 557 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Radian Group by 34.0% in the 4th quarter. Van ECK Associates Corp now owns 41,001 shares of the insurance provider's stock valued at $1,171,000 after purchasing an additional 10,412 shares during the last quarter. Donald Smith & CO. Inc. boosted its holdings in Radian Group by 17.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,012,334 shares of the insurance provider's stock worth $114,552,000 after purchasing an additional 594,752 shares in the last quarter. Finally, Convergence Investment Partners LLC increased its position in Radian Group by 13.9% during the fourth quarter. Convergence Investment Partners LLC now owns 11,663 shares of the insurance provider's stock worth $333,000 after buying an additional 1,421 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Analyst Upgrades and Downgrades

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

Radian Group Stock Performance

RDN stock traded up $0.05 during mid-day trading on Friday, reaching $30.79. 856,640 shares of the stock traded hands, compared to its average volume of 838,493. Radian Group Inc. has a 52 week low of $23.13 and a 52 week high of $33.69. The company has a quick ratio of 1.65, a current ratio of 0.40 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $4.66 billion, a PE ratio of 8.15, a P/E/G ratio of 1.89 and a beta of 1.03. The business has a 50-day moving average of $30.80 and a two-hundred day moving average of $28.55.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.20. The company had revenue of $319.42 million during the quarter, compared to analysts' expectations of $314.76 million. Radian Group had a return on equity of 14.52% and a net margin of 47.74%. Radian Group's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. As a group, equities analysts predict that Radian Group Inc. will post 3.27 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Friday, February 23rd. This is a boost from Radian Group's previous quarterly dividend of $0.23. 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.