River Road Asset Management LLC Sells 52,914 Shares of Radian Group Inc. (NYSE:RDN)

River Road Asset Management LLC cut its holdings in shares of Radian Group Inc. (NYSE:RDN) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,073,468 shares of the insurance provider’s stock after selling 52,914 shares during the quarter. River Road Asset Management LLC’s holdings in Radian Group were worth $59,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RDN. Vanguard Group Inc. grew its position in Radian Group by 1.9% in the third quarter. Vanguard Group Inc. now owns 19,747,171 shares of the insurance provider’s stock worth $380,922,000 after acquiring an additional 367,187 shares in the last quarter. BlackRock Inc. grew its position in Radian Group by 12.8% in the first quarter. BlackRock Inc. now owns 15,104,763 shares of the insurance provider’s stock worth $333,815,000 after acquiring an additional 1,710,552 shares in the last quarter. JPMorgan Chase & Co. grew its position in Radian Group by 575.2% in the first quarter. JPMorgan Chase & Co. now owns 12,765,182 shares of the insurance provider’s stock worth $282,110,000 after acquiring an additional 10,874,587 shares in the last quarter. State Street Corp grew its position in Radian Group by 45.6% in the first quarter. State Street Corp now owns 7,009,760 shares of the insurance provider’s stock worth $154,915,000 after acquiring an additional 2,195,362 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Radian Group by 4.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,745,225 shares of the insurance provider’s stock worth $109,562,000 after acquiring an additional 267,774 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $35.00 target price (down previously from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Radian Group Trading Down 0.5 %

Shares of Radian Group stock traded down $0.15 on Wednesday, hitting $29.33. 846,357 shares of the company traded hands, compared to its average volume of 1,329,747. The stock’s 50 day moving average price is $30.18 and its 200-day moving average price is $28.19. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35. Radian Group Inc. has a 52 week low of $22.93 and a 52 week high of $33.69. The company has a market cap of $4.44 billion, a PE ratio of 7.80, a PEG ratio of 1.83 and a beta of 1.02.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. The firm had revenue of $328.64 million during the quarter, compared to the consensus estimate of $319.04 million. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Equities research analysts predict that Radian Group Inc. will post 3.27 EPS for the current year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a $0.245 dividend. This is an increase from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, February 23rd. This represents a $0.98 dividend on an annualized basis and a yield of 3.34%. Radian Group’s payout ratio is 25.93%.

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.