Donald Smith & CO. Inc. Decreases Position in Radian Group Inc. (NYSE:RDN)

Donald Smith & CO. Inc. trimmed its holdings in shares of Radian Group Inc. (NYSE:RDN) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,849,926 shares of the insurance provider’s stock after selling 11,144 shares during the period. Radian Group comprises approximately 2.2% of Donald Smith & CO. Inc.’s portfolio, making the stock its 20th largest position. Donald Smith & CO. Inc. owned about 1.91% of Radian Group worth $90,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RDN. State Street Corp lifted its holdings in Radian Group by 2.7% in the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock worth $232,433,000 after buying an additional 177,142 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Radian Group by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock worth $193,307,000 after acquiring an additional 248,423 shares during the period. FMR LLC boosted its holdings in Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock valued at $124,476,000 after acquiring an additional 12,834 shares in the last quarter. American Century Companies Inc. increased its position in Radian Group by 7.9% during the 4th quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock valued at $106,305,000 after purchasing an additional 245,303 shares during the period. Finally, Norges Bank bought a new position in Radian Group in the 4th quarter worth $73,693,000. 95.33% of the stock is owned by institutional investors.

Insider Activity

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now directly owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.16% of the company’s stock.

Wall Street Analyst Weigh In

RDN has been the topic of several recent research reports. UBS Group upped their price target on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.80.

Radian Group Price Performance

RDN stock opened at $34.21 on Thursday. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 12 month low of $29.17 and a 12 month high of $37.86. The stock has a market cap of $4.96 billion, a PE ratio of 8.70, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a 50-day moving average price of $32.74 and a 200 day moving average price of $33.42.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. Equities research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.98%. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

About Radian Group

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.