River Road Asset Management LLC Sells 156,124 Shares of Radian Group Inc. $RDN

River Road Asset Management LLC lessened its stake in shares of Radian Group Inc. (NYSE:RDN) by 24.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 491,560 shares of the insurance provider’s stock after selling 156,124 shares during the quarter. River Road Asset Management LLC’s holdings in Radian Group were worth $17,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RDN. Jones Financial Companies Lllp boosted its position in Radian Group by 14.8% during the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after purchasing an additional 357 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Radian Group by 94.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 901 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Radian Group during the second quarter valued at about $239,000. Finally, Marshall Wace LLP purchased a new stake in shares of Radian Group during the second quarter valued at about $452,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RDN has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Royal Bank Of Canada initiated coverage on shares of Radian Group in a research report on Friday, May 22nd. They set an “outperform” rating and a $47.00 target price for the company. Keefe, Bruyette & Woods raised their target price on shares of Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, April 10th. Barclays lifted their price target on shares of Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Radian Group in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Radian Group has a consensus rating of “Moderate Buy” and an average price target of $42.67.

Insider Activity at Radian Group

In other news, Director Noel Joseph Spiegel sold 4,834 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total value of $174,942.46. Following the transaction, the director directly owned 20,008 shares of the company’s stock, valued at approximately $724,089.52. This represents a 19.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Howard Bernard Culang sold 3,612 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $36.00, for a total value of $130,032.00. Following the completion of the transaction, the chairman owned 8,050 shares of the company’s stock, valued at approximately $289,800. The trade was a 30.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 75,516 shares of company stock worth $2,747,576 in the last quarter. 2.03% of the stock is owned by insiders.

Radian Group Trading Up 0.0%

Shares of Radian Group stock opened at $34.72 on Friday. The firm’s 50 day simple moving average is $35.47 and its two-hundred day simple moving average is $34.64. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.87 and a beta of 0.73. Radian Group Inc. has a 12-month low of $31.50 and a 12-month high of $38.84. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.16.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $466.34 million during the quarter, compared to the consensus estimate of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. Analysts predict that Radian Group Inc. will post 5.17 EPS for the current year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd were paid a $0.255 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. Radian Group’s dividend payout ratio (DPR) is 25.12%.

Radian Group Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.