Donald Smith & CO. Inc. Boosts Holdings in Radian Group Inc. (NYSE:RDN)

Donald Smith & CO. Inc. lifted its holdings in Radian Group Inc. (NYSE:RDN) by 17.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,012,334 shares of the insurance provider’s stock after purchasing an additional 594,752 shares during the period. Radian Group comprises approximately 2.9% of Donald Smith & CO. Inc.’s holdings, making the stock its 10th biggest position. Donald Smith & CO. Inc. owned approximately 2.62% of Radian Group worth $114,552,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RDN. GAMMA Investing LLC bought a new position in shares of Radian Group in the 4th quarter worth approximately $101,000. CI Investments Inc. bought a new position in shares of Radian Group in the 3rd quarter worth approximately $148,000. International Assets Investment Management LLC raised its stake in Radian Group by 923.0% during the 4th quarter. International Assets Investment Management LLC now owns 5,258 shares of the insurance provider’s stock worth $150,000 after acquiring an additional 4,744 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Radian Group during the 3rd quarter worth approximately $205,000. Finally, Versor Investments LP bought a new stake in Radian Group during the 3rd quarter worth approximately $226,000. Institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $35.00 target price (down previously from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.00.

Radian Group Price Performance

Shares of RDN stock traded down $0.04 on Monday, reaching $30.31. The company’s stock had a trading volume of 733,603 shares, compared to its average volume of 1,275,335. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 1.86 and a beta of 1.02. The stock’s fifty day simple moving average is $30.51 and its 200-day simple moving average is $28.41. Radian Group Inc. has a 1 year low of $22.93 and a 1 year high of $33.69. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The company had revenue of $328.64 million during the quarter, compared to the consensus estimate of $319.04 million. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. Radian Group’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. Analysts forecast that Radian Group Inc. will post 3.27 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 12th. Investors of record on Monday, February 26th were given a $0.245 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 dividend on an annualized basis and a yield of 3.23%. Radian Group’s dividend payout ratio (DPR) is currently 25.93%.

Radian Group 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.