Heartland Advisors Inc. Has $16.35 Million Position in Radian Group Inc. (NYSE:RDN)

Heartland Advisors Inc. raised its position in Radian Group Inc. (NYSE:RDNFree Report) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 572,800 shares of the insurance provider’s stock after acquiring an additional 2,900 shares during the quarter. Heartland Advisors Inc. owned approximately 0.37% of Radian Group worth $16,353,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its holdings in Radian Group by 33.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 19,501 shares of the insurance provider’s stock valued at $557,000 after acquiring an additional 4,866 shares during the period. Astoria Portfolio Advisors LLC. bought a new stake in shares of Radian Group in the fourth quarter valued at about $200,000. Private Advisor Group LLC grew its stake in shares of Radian Group by 1.5% in the fourth quarter. Private Advisor Group LLC now owns 45,456 shares of the insurance provider’s stock valued at $1,298,000 after acquiring an additional 680 shares in the last quarter. Metis Global Partners LLC bought a new position in Radian Group during the fourth quarter worth about $204,000. Finally, Measured Wealth Private Client Group LLC raised its stake in Radian Group by 4.4% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 20,395 shares of the insurance provider’s stock worth $582,000 after purchasing an additional 861 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Radian Group Price Performance

NYSE:RDN traded down $0.09 during mid-day trading on Tuesday, reaching $31.34. The stock had a trading volume of 859,661 shares, compared to its average volume of 1,206,702. Radian Group Inc. has a 12 month low of $24.34 and a 12 month high of $33.69. The stock has a market capitalization of $4.72 billion, a PE ratio of 8.29, a P/E/G ratio of 1.80 and a beta of 1.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a 50-day simple moving average of $31.18 and a two-hundred day simple moving average of $28.86.

Radian Group (NYSE:RDNGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.20. The company 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 firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. On average, equities analysts anticipate that Radian Group Inc. will post 3.52 earnings per share for the current year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $0.245 per share. This is a boost from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Friday, February 23rd. Radian Group’s payout ratio is 25.93%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $35.00 price target (down previously from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.00.

Get Our Latest Stock Analysis on Radian Group

Radian Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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