Bruni J V & Co. Co. Reduces Holdings in Radian Group Inc. (NYSE:RDN)

Bruni J V & Co. Co. lessened its holdings in Radian Group Inc. (NYSE:RDN) by 12.8% in the fourth quarter, according to its most recent 13F 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 accounts for 5.9% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 3rd largest position. Bruni J V & Co. Co.’s holdings in Radian Group were worth $47,785,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in RDN. GAMMA Investing LLC bought a new position in Radian Group in the 4th quarter worth about $101,000. International Assets Investment Management LLC increased its holdings in shares of Radian Group by 923.0% in the fourth quarter. International Assets Investment Management LLC now owns 5,258 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 4,744 shares during the period. CI Investments Inc. purchased a new stake in shares of Radian Group in the third quarter worth $148,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Radian Group during the 3rd quarter valued at about $205,000. Finally, Vest Financial LLC purchased a new position in shares of Radian Group during the fourth quarter worth about $241,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Stock Performance

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

Radian Group (NYSE:RDN) last issued its quarterly earnings data 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. The firm had revenue of $328.64 million for the quarter, compared to analysts’ expectations of $319.04 million. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 EPS. As a group, sell-side analysts predict that Radian Group Inc. will post 3.27 EPS for the current fiscal year.

Radian Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.00.

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.