Hotchkis & Wiley Capital Management LLC Sells 41,940 Shares of Radian Group Inc. (NYSE:RDN)

Hotchkis & Wiley Capital Management LLC decreased its holdings in Radian Group Inc. (NYSE:RDN) by 10.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 347,550 shares of the insurance provider’s stock after selling 41,940 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Radian Group were worth $12,057,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Centiva Capital LP purchased a new stake in Radian Group in the 3rd quarter valued at about $512,000. Erste Asset Management GmbH purchased a new stake in Radian Group in the 3rd quarter valued at about $369,000. Edgestream Partners L.P. increased its stake in Radian Group by 120.8% in the 3rd quarter. Edgestream Partners L.P. now owns 185,653 shares of the insurance provider’s stock valued at $6,440,000 after buying an additional 101,554 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Radian Group in the 3rd quarter valued at about $1,734,000. Finally, FMR LLC increased its stake in Radian Group by 0.4% in the 3rd quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock valued at $124,476,000 after buying an additional 12,834 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays increased their price objective on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.10.

Insider Transactions at Radian Group

In related news, insider Derek Brummer sold 35,153 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the transaction, the insider now directly owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. This trade represents a 15.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.16% of the stock is currently owned by company insiders.

Radian Group Trading Down 0.6 %

Shares of RDN stock opened at $35.54 on Wednesday. The company has a 50 day moving average of $34.48 and a 200-day moving average of $33.76. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. Radian Group Inc. has a 12-month low of $24.92 and a 12-month high of $37.86. The firm has a market cap of $5.29 billion, a P/E ratio of 9.21, a PEG ratio of 1.79 and a beta of 1.04.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The company had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. Sell-side analysts anticipate that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.245 per share. The ex-dividend date is Monday, November 25th. This represents a $0.98 annualized dividend and a dividend yield of 2.76%. Radian Group’s payout ratio is currently 25.39%.

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.