Radian Group Inc. (NYSE:RDN) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its stake in Radian Group Inc. (NYSE:RDN) by 59.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,347 shares of the insurance provider’s stock after buying an additional 16,483 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Radian Group were worth $1,266,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Hexagon Capital Partners LLC boosted its holdings in shares of Radian Group by 145.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider’s stock valued at $27,000 after buying an additional 557 shares during the period. Van ECK Associates Corp boosted its stake in Radian Group by 34.0% in the fourth quarter. Van ECK Associates Corp now owns 41,001 shares of the insurance provider’s stock valued at $1,171,000 after acquiring an additional 10,412 shares during the period. Donald Smith & CO. Inc. grew its holdings in shares of Radian Group by 17.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,012,334 shares of the insurance provider’s stock valued at $114,552,000 after purchasing an additional 594,752 shares during the last quarter. Convergence Investment Partners LLC raised its position in shares of Radian Group by 13.9% during the 4th quarter. Convergence Investment Partners LLC now owns 11,663 shares of the insurance provider’s stock worth $333,000 after purchasing an additional 1,421 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Radian Group by 6.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 99,821 shares of the insurance provider’s stock worth $2,850,000 after purchasing an additional 6,014 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Radian Group Stock Down 1.0 %

Radian Group stock opened at $31.18 on Thursday. The company’s 50-day moving average price is $30.99 and its two-hundred day moving average price is $28.65. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.89 and a beta of 1.03. Radian Group Inc. has a 52 week low of $24.34 and a 52 week high of $33.69. The company has a current ratio of 0.40, a quick ratio of 1.65 and a debt-to-equity ratio of 0.39.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20. The business had revenue of $319.42 million for the quarter, compared to analyst estimates of $314.76 million. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. On average, analysts expect that Radian Group Inc. will post 3.27 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a $0.245 dividend. This is a positive change 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 annualized dividend and a dividend yield of 3.14%. Radian Group’s dividend payout ratio is 25.93%.

Radian Group Company 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.