First Eagle Investment Management LLC Acquires 37,790 Shares of Radian Group Inc. (NYSE:RDN)

First Eagle Investment Management LLC increased its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 11.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 379,573 shares of the insurance provider's stock after acquiring an additional 37,790 shares during the period. First Eagle Investment Management LLC owned about 0.25% of Radian Group worth $10,837,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Donald Smith & CO. Inc. boosted its stake in shares of Radian Group by 17.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,012,334 shares of the insurance provider's stock valued at $114,552,000 after purchasing an additional 594,752 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Radian Group in the 4th quarter worth about $16,918,000. Assenagon Asset Management S.A. purchased a new position in shares of Radian Group during the fourth quarter worth approximately $16,368,000. Tudor Investment Corp Et Al bought a new stake in shares of Radian Group during the third quarter valued at approximately $6,735,000. Finally, Comerica Bank boosted its holdings in shares of Radian Group by 5,573.5% in the third quarter. Comerica Bank now owns 222,287 shares of the insurance provider's stock valued at $5,582,000 after purchasing an additional 218,369 shares during the period. Institutional investors own 95.33% of the company's stock.

Radian Group Stock Up 1.2 %

NYSE:RDN traded up $0.39 during midday trading on Thursday, reaching $31.73. 613,370 shares of the stock traded hands, compared to its average volume of 1,198,051. The stock has a market capitalization of $4.78 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.79 and a beta of 1.03. Radian Group Inc. has a 12-month low of $24.34 and a 12-month high of $33.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.80 and a current ratio of 1.80. The business has a 50-day moving average of $31.25 and a two-hundred day moving average of $28.90.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.20. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The company had revenue of $319.42 million during the quarter, compared to analysts' expectations of $314.76 million. During the same period last year, the business earned $0.98 EPS. Radian Group's revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Radian Group Inc. will post 3.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated a "market perform" rating and set a $35.00 price target (down previously from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Radian Group has a consensus rating of "Hold" and a consensus target price of $30.00.

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.

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