Meritage Portfolio Management Sells 393 Shares of Radian Group Inc. (NYSE:RDN)

Meritage Portfolio Management cut its holdings in shares of Radian Group Inc. (NYSE:RDN) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,014 shares of the insurance provider’s stock after selling 393 shares during the period. Meritage Portfolio Management owned 0.07% of Radian Group worth $2,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of RDN. Charles Schwab Investment Management Inc. lifted its holdings in Radian Group by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,963,235 shares of the insurance provider’s stock valued at $99,517,000 after buying an additional 116,774 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Radian Group by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,302,346 shares of the insurance provider’s stock valued at $57,812,000 after purchasing an additional 17,829 shares during the period. American Century Companies Inc. boosted its position in shares of Radian Group by 12.4% in the 3rd quarter. American Century Companies Inc. now owns 1,855,310 shares of the insurance provider’s stock worth $46,587,000 after purchasing an additional 204,459 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Radian Group by 117.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,694,765 shares of the insurance provider’s stock worth $42,556,000 after purchasing an additional 914,046 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Radian Group by 0.6% during the third quarter. Invesco Ltd. now owns 1,536,521 shares of the insurance provider’s stock worth $38,582,000 after purchasing an additional 9,011 shares during the period. Institutional investors own 95.33% of the company’s stock.

Radian Group Trading Down 1.0 %

RDN stock traded down $0.32 during midday trading on Thursday, hitting $30.31. 578,217 shares of the company’s stock were exchanged, compared to its average volume of 1,291,153. Radian Group Inc. has a one year low of $22.93 and a one year high of $33.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $4.59 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 1.87 and a beta of 1.02. The stock’s fifty day moving average price is $30.42 and its 200-day moving average price is $28.35.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The business had revenue of $328.64 million for the quarter, compared to analysts’ expectations of $319.04 million. During the same quarter in the previous year, the business posted $1.05 EPS. Radian Group’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts predict 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. Shareholders of record on Monday, February 26th were paid a $0.245 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.98 dividend on an annualized basis and a yield of 3.23%. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. Radian Group’s payout ratio is presently 25.93%.

Analyst Ratings Changes

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

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.