LSV Asset Management Acquires 8,303 Shares of Radian Group Inc. $RDN

LSV Asset Management boosted its holdings in Radian Group Inc. (NYSE:RDN) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,107,685 shares of the insurance provider’s stock after buying an additional 8,303 shares during the period. LSV Asset Management owned approximately 4.51% of Radian Group worth $219,999,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its position in shares of Radian Group by 18.0% during the 2nd quarter. Creative Planning now owns 15,634 shares of the insurance provider’s stock valued at $563,000 after acquiring an additional 2,381 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Radian Group by 2.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 32,380 shares of the insurance provider’s stock worth $1,166,000 after purchasing an additional 626 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Radian Group during the second quarter worth $497,000. Allworth Financial LP increased its holdings in Radian Group by 1,049.7% in the second quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 1,732 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in Radian Group by 43.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 16,475 shares of the insurance provider’s stock valued at $593,000 after purchasing an additional 4,989 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Radian Group Trading Up 0.1%

NYSE:RDN opened at $35.28 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.68 and a quick ratio of 1.68. The business’s 50-day simple moving average is $34.77 and its 200-day simple moving average is $34.50. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The stock has a market capitalization of $4.78 billion, a PE ratio of 8.89 and a beta of 0.81.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. The firm had revenue of $303.19 million for the quarter, compared to analyst estimates of $308.77 million. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Sell-side analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, November 24th. Radian Group’s payout ratio is currently 25.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group reduced their target price on Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Finally, Barclays upped their target price on shares of Radian Group from $35.00 to $37.00 and gave the company a “cautious” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.00.

Insiders Place Their Bets

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the completion of the transaction, the executive vice president owned 153,708 shares in the company, valued at approximately $5,687,196. This represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.01% of the company’s stock.

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.