Brandywine Global Investment Management LLC Has $12.12 Million Stake in Radian Group Inc. (NYSE:RDN)

Brandywine Global Investment Management LLC lowered its position in shares of Radian Group Inc. (NYSE:RDN) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 382,135 shares of the insurance provider’s stock after selling 64,324 shares during the period. Brandywine Global Investment Management LLC owned 0.26% of Radian Group worth $12,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in RDN. Picton Mahoney Asset Management increased its position in Radian Group by 54.3% during the 4th quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock worth $31,000 after buying an additional 342 shares during the period. MML Investors Services LLC lifted its stake in shares of Radian Group by 4.5% in the 3rd quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock valued at $295,000 after acquiring an additional 364 shares during the last quarter. CX Institutional boosted its stake in shares of Radian Group by 5.8% during the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 451 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 485 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 528 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RDN shares. UBS Group lifted their target price on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods cut their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.80.

Insider Transactions at Radian Group

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. 2.16% of the stock is currently owned by company insiders.

Radian Group Trading Up 0.7 %

Shares of Radian Group stock opened at $33.05 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 stock has a fifty day simple moving average of $32.71 and a 200 day simple moving average of $33.43. Radian Group Inc. has a 12-month low of $29.17 and a 12-month high of $37.86. The company has a market capitalization of $4.79 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, sell-side analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were paid a dividend of $0.255 per share. The ex-dividend date was Monday, February 24th. This represents a $1.02 annualized dividend and a dividend yield of 3.09%. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

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.