Radian Group Inc. $RDN Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. increased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 43.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,012,255 shares of the insurance provider’s stock after buying an additional 916,003 shares during the period. Radian Group comprises approximately 2.0% of Donald Smith & CO. Inc.’s holdings, making the stock its 21st biggest position. Donald Smith & CO. Inc.’s holdings in Radian Group were worth $108,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Compass Rose Asset Management LP acquired a new stake in Radian Group in the 3rd quarter worth about $9,960,000. Capital World Investors boosted its holdings in Radian Group by 10.7% in the 3rd quarter. Capital World Investors now owns 1,454,087 shares of the insurance provider’s stock worth $52,667,000 after buying an additional 140,003 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Radian Group by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock worth $589,393,000 after buying an additional 427,473 shares during the last quarter. American Century Companies Inc. boosted its holdings in Radian Group by 4.4% in the 3rd quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider’s stock worth $145,586,000 after buying an additional 171,049 shares during the last quarter. Finally, Lighthouse Investment Partners LLC boosted its holdings in Radian Group by 49.9% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 125,763 shares of the insurance provider’s stock worth $4,555,000 after buying an additional 41,861 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on RDN. Royal Bank Of Canada initiated coverage on Radian Group in a report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective on the stock. Zacks Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Wall Street Zen cut Radian Group from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Barclays boosted their target price on Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Keefe, Bruyette & Woods boosted their target price on Radian Group from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.67.

Radian Group Trading Up 1.4%

Shares of Radian Group stock opened at $34.75 on Thursday. The stock has a market cap of $4.62 billion, a P/E ratio of 8.56, a P/E/G ratio of 0.86 and a beta of 0.73. The stock’s 50 day simple moving average is $35.34 and its 200-day simple moving average is $34.67. Radian Group Inc. has a 1-year low of $31.50 and a 1-year high of $38.84. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $466.34 million for the quarter, compared to analyst estimates of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. Analysts predict that Radian Group Inc. will post 5.17 EPS for the current fiscal year.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 2nd. Radian Group’s payout ratio is presently 25.12%.

Insider Activity

In other news, EVP Edward J. Hoffman sold 15,000 shares of Radian Group stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $38.00, for a total transaction of $570,000.00. Following the sale, the executive vice president owned 93,708 shares of the company’s stock, valued at approximately $3,560,904. The trade was a 13.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Margaret Anne Leyden sold 2,070 shares of Radian Group stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $34.59, for a total transaction of $71,601.30. Following the sale, the director directly owned 6,864 shares in the company, valued at approximately $237,425.76. The trade was a 23.17% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 75,516 shares of company stock worth $2,747,576. 2.03% of the stock is owned by company insiders.

Radian Group Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.