Donald Smith & CO. Inc. Sells 62,423 Shares of Radian Group Inc. (NYSE:RDN)

Donald Smith & CO. Inc. decreased its holdings in Radian Group Inc. (NYSE:RDN) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,861,070 shares of the insurance provider’s stock after selling 62,423 shares during the quarter. Radian Group makes up 2.3% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 18th biggest holding. Donald Smith & CO. Inc. owned approximately 1.90% of Radian Group worth $99,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its position in shares of Radian Group by 4.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 133,340 shares of the insurance provider’s stock worth $4,553,000 after acquiring an additional 5,392 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Radian Group by 10.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,818 shares of the insurance provider’s stock valued at $3,197,000 after buying an additional 8,439 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Radian Group by 272.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock worth $28,725,000 after buying an additional 605,956 shares in the last quarter. Vest Financial LLC grew its position in shares of Radian Group by 8.0% during the 3rd quarter. Vest Financial LLC now owns 806,573 shares of the insurance provider’s stock worth $27,980,000 after buying an additional 59,909 shares during the period. Finally, Schubert & Co bought a new stake in shares of Radian Group in the 3rd quarter valued at $615,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays lifted their target price on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Roth Mkm upped their target price on shares of Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods raised their price target on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada upped their price objective on shares of Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.10.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the transaction, the insider now owns 186,535 shares of the company’s stock, valued at $6,595,877.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Derek Brummer sold 35,153 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the sale, the insider now directly owns 186,535 shares in the company, valued at approximately $6,595,877.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Eric Ray sold 53,791 shares of Radian Group stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total transaction of $1,918,724.97. The disclosure for this sale can be found here. Insiders sold a total of 119,772 shares of company stock worth $4,260,796 in the last quarter. Insiders own 2.16% of the company’s stock.

Radian Group Stock Performance

NYSE:RDN traded up $0.46 during trading on Wednesday, reaching $35.15. The company’s stock had a trading volume of 244,427 shares, compared to its average volume of 1,009,633. Radian Group Inc. has a 12 month low of $24.92 and a 12 month high of $37.86. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. The firm has a 50 day moving average of $34.94 and a 200-day moving average of $33.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 1.84.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. The company had revenue of $312.37 million during the quarter, compared to analyst estimates of $324.00 million. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. Research analysts expect that Radian Group Inc. will post 3.75 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 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 2.79%. The ex-dividend date of this dividend was Monday, August 26th. Radian Group’s dividend payout ratio is currently 25.45%.

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.