River Road Asset Management LLC Has $59.20 Million Position in Radian Group Inc. (NYSE:RDN)

River Road Asset Management LLC lowered 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 Form 13F filing with the Securities and Exchange Commission (SEC). 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 owned 1.35% of Radian Group worth $59,198,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Point72 Middle East FZE acquired a new stake in Radian Group in the 4th quarter valued at approximately $37,000. Ensign Peak Advisors Inc acquired a new stake in Radian Group in the 3rd quarter valued at approximately $73,000. Lazard Asset Management LLC raised its position in Radian Group by 194.7% in the 4th quarter. Lazard Asset Management LLC now owns 4,285 shares of the insurance provider’s stock valued at $81,000 after buying an additional 2,831 shares during the last quarter. Captrust Financial Advisors raised its position in Radian Group by 49.8% in the 2nd quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider’s stock valued at $87,000 after buying an additional 1,476 shares during the last quarter. Finally, Comerica Bank acquired a new stake in Radian Group in the 2nd quarter valued at approximately $99,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Price Performance

Shares of RDN traded down $0.15 during trading hours on Wednesday, hitting $29.33. 846,357 shares of the company were exchanged, compared to its average volume of 1,329,747. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 1.83 and a beta of 1.02. Radian Group Inc. has a fifty-two week low of $22.93 and a fifty-two week high of $33.69. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average is $30.18 and its 200 day moving average is $28.19.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The business had revenue of $328.64 million during the quarter, compared to the consensus estimate of $319.04 million. During the same period in the prior year, the company earned $1.05 EPS. Radian Group’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Radian Group Inc. will post 3.27 earnings per share for the current fiscal 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 given a dividend of $0.245 per share. This is an increase from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Friday, February 23rd. Radian Group’s dividend payout ratio is currently 25.93%.

Wall Street Analysts Forecast Growth

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

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.