Bruni J V & Co. Co. Has $47.79 Million Stake in Radian Group Inc. (NYSE:RDN)

Bruni J V & Co. Co. lowered its stake in shares of Radian Group Inc. (NYSE:RDN) by 12.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,673,733 shares of the insurance provider’s stock after selling 246,573 shares during the quarter. Radian Group makes up approximately 5.9% of Bruni J V & Co. Co.’s holdings, making the stock its 3rd largest position. Bruni J V & Co. Co. owned approximately 1.09% of Radian Group worth $47,785,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new position in shares of Radian Group during the fourth quarter worth approximately $101,000. CI Investments Inc. acquired a new stake in Radian Group in the third quarter worth about $148,000. International Assets Investment Management LLC grew its position in Radian Group by 923.0% in the 4th quarter. International Assets Investment Management LLC now owns 5,258 shares of the insurance provider’s stock valued at $150,000 after buying an additional 4,744 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Radian Group in the 3rd quarter valued at about $205,000. Finally, Versor Investments LP bought a new stake in shares of Radian Group during the 3rd quarter worth about $226,000. 95.33% of the stock is currently owned by institutional investors.

Radian Group Trading Up 0.1 %

RDN traded up $0.04 during trading on Friday, reaching $30.35. The company had a trading volume of 551,740 shares, compared to its average volume of 892,593. The firm’s 50-day simple moving average is $30.51 and its 200 day simple moving average is $28.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.86 and a beta of 1.02. Radian Group Inc. has a 12-month low of $22.93 and a 12-month high of $33.69.

Radian Group (NYSE:RDN) last released its earnings results 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 net margin of 48.51% and a return on equity of 14.75%. The business had revenue of $328.64 million for the quarter, compared to the consensus estimate of $319.04 million. During the same period last year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that Radian Group Inc. will post 3.27 earnings per share for the current year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $0.245 per share. This is an increase from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.23%. Radian Group’s payout ratio is currently 25.93%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $35.00 target price (down from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.