River Road Asset Management LLC Purchases 5,524 Shares of Radian Group Inc. (NYSE:RDN)

River Road Asset Management LLC boosted its position in Radian Group Inc. (NYSE:RDN) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,644,386 shares of the insurance provider’s stock after acquiring an additional 5,524 shares during the period. River Road Asset Management LLC owned 1.10% of Radian Group worth $52,160,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB raised its stake in shares of Radian Group by 11.2% in the fourth quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock worth $6,233,000 after purchasing an additional 19,730 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Radian Group in the third quarter worth approximately $512,000. Principal Financial Group Inc. raised its stake in shares of Radian Group by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock worth $22,915,000 after purchasing an additional 13,202 shares during the last quarter. EMC Capital Management raised its stake in shares of Radian Group by 300.8% in the fourth quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock worth $584,000 after purchasing an additional 13,810 shares during the last quarter. Finally, Moran Wealth Management LLC purchased a new stake in shares of Radian Group in the third quarter worth approximately $2,650,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Stock Performance

Shares of RDN opened at $32.00 on Tuesday. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 1.73 and a beta of 1.04. The stock has a 50 day moving average of $32.67 and a 200 day moving average of $33.80. Radian Group Inc. has a 12 month low of $29.17 and a 12 month high of $37.86.

Radian Group (NYSE:RDN) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, sell-side analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be given a $0.255 dividend. This is an increase from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Monday, February 24th. Radian Group’s dividend payout ratio (DPR) is currently 25.95%.

Insiders Place Their Bets

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now directly owns 344 shares of the company’s stock, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.16% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on RDN shares. Keefe, Bruyette & Woods lowered their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. UBS Group increased their price target on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Radian Group presently has a consensus rating of “Hold” and a consensus target price of $36.80.

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.