LSV Asset Management Sells 132,599 Shares of Radian Group Inc. $RDN

LSV Asset Management lessened its holdings in Radian Group Inc. (NYSE:RDN) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,975,086 shares of the insurance provider’s stock after selling 132,599 shares during the period. LSV Asset Management’s holdings in Radian Group were worth $216,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RDN. Bessemer Group Inc. raised its stake in Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after buying an additional 318 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Radian Group by 14.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 344 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Radian Group by 14.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after acquiring an additional 357 shares during the period. Amalgamated Bank raised its position in shares of Radian Group by 1.0% in the 3rd quarter. Amalgamated Bank now owns 39,233 shares of the insurance provider’s stock worth $1,421,000 after acquiring an additional 391 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Radian Group by 8.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,740 shares of the insurance provider’s stock worth $208,000 after acquiring an additional 433 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RDN shares. Zacks Research downgraded Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Roth Mkm restated a “buy” rating and issued a $45.00 price target on shares of Radian Group in a report on Friday, January 2nd. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $42.00 in a research report on Wednesday. Weiss Ratings lowered shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Finally, UBS Group lowered their target price on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Radian Group currently has a consensus rating of “Hold” and an average price target of $40.20.

Radian Group Price Performance

Shares of RDN stock opened at $34.23 on Thursday. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 8.54 and a beta of 0.81. The stock’s 50-day simple moving average is $34.67 and its 200-day simple moving average is $34.68.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.255 per share. The ex-dividend date is Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. Radian Group’s dividend payout ratio is presently 25.44%.

Insider Transactions at Radian Group

In other Radian Group news, EVP Eric Ray sold 13,957 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.01% of the company’s stock.

Radian Group Company 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.