Los Angeles Capital Management LLC Purchases 16,483 Shares of Radian Group Inc. (NYSE:RDN)

Los Angeles Capital Management LLC boosted its position in shares of Radian Group Inc. (NYSE:RDN) by 59.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 44,347 shares of the insurance provider’s stock after buying an additional 16,483 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Radian Group were worth $1,266,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new position in Radian Group in the fourth quarter valued at approximately $16,368,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Radian Group in the 4th quarter worth $16,918,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Radian Group by 42.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,084 shares of the insurance provider’s stock worth $4,942,000 after purchasing an additional 51,852 shares during the period. Comerica Bank increased its holdings in Radian Group by 5,573.5% in the third quarter. Comerica Bank now owns 222,287 shares of the insurance provider’s stock valued at $5,582,000 after purchasing an additional 218,369 shares during the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in Radian Group in the third quarter valued at about $6,735,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set 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 stock. Based on data from MarketBeat, Radian Group currently has an average rating of “Hold” and a consensus target price of $30.00.

Radian Group Stock Down 1.0 %

Shares of Radian Group stock opened at $31.18 on Thursday. Radian Group Inc. has a 1 year low of $24.34 and a 1 year high of $33.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.40 and a quick ratio of 1.65. The company has a market capitalization of $4.72 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 1.89 and a beta of 1.03. The business has a 50-day moving average of $30.99 and a two-hundred day moving average of $28.65.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, May 1st. The insurance provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.83 by $0.20. The firm had revenue of $319.42 million for the quarter, compared to the consensus estimate of $314.76 million. Radian Group had a net margin of 47.74% and a return on equity of 14.52%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. As a group, equities analysts predict that Radian Group Inc. will post 3.27 EPS for the current year.

Radian Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a dividend of $0.245 per share. 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 dividend yield of 3.14%. Radian Group’s dividend payout ratio (DPR) is presently 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.