Radian Group Inc. (NYSE:RDN) is Donald Smith & CO. Inc.’s 10th Largest Position

Donald Smith & CO. Inc. increased its position in shares of Radian Group Inc. (NYSE:RDN) by 17.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,012,334 shares of the insurance provider’s stock after purchasing an additional 594,752 shares during the quarter. Radian Group makes up approximately 2.9% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 10th largest position. Donald Smith & CO. Inc.’s holdings in Radian Group were worth $114,552,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Radian Group during the fourth quarter worth approximately $101,000. CI Investments Inc. purchased a new stake in shares of Radian Group during the third quarter worth approximately $148,000. International Assets Investment Management LLC increased its position in shares of Radian Group by 923.0% during 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 in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Radian Group during the third quarter worth approximately $205,000. Finally, Versor Investments LP purchased a new stake in shares of Radian Group during the third quarter worth approximately $226,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Trading Down 0.1 %

Shares of RDN traded down $0.04 during midday trading on Monday, reaching $30.31. The company had a trading volume of 733,603 shares, compared to its average volume of 1,275,335. Radian Group Inc. has a 1-year low of $22.93 and a 1-year high of $33.69. The stock has a market cap of $4.59 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.86 and a beta of 1.02. The firm has a 50 day simple moving average of $30.51 and a 200-day simple moving average of $28.41. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.35.

Radian Group (NYSE:RDN) last issued its quarterly earnings data 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 firm 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%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.05 EPS. Research analysts forecast that Radian Group Inc. will post 3.27 EPS for the current fiscal year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, February 23rd. Radian Group’s dividend payout ratio (DPR) is presently 25.93%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $35.00 target price (down from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.