Kestrel Investment Management Corp Sells 38,500 Shares of Radian Group Inc. (NYSE:RDN)

Kestrel Investment Management Corp cut its position in shares of Radian Group Inc. (NYSE:RDN) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,400 shares of the insurance provider’s stock after selling 38,500 shares during the quarter. Radian Group accounts for 3.9% of Kestrel Investment Management Corp’s portfolio, making the stock its 7th biggest holding. Kestrel Investment Management Corp owned approximately 0.13% of Radian Group worth $5,693,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Middle East FZE acquired a new stake in Radian Group during the fourth quarter valued at approximately $37,000. Ensign Peak Advisors Inc acquired a new stake in Radian Group during the third quarter valued at approximately $73,000. Lazard Asset Management LLC boosted its holdings in Radian Group by 194.7% during the fourth quarter. Lazard Asset Management LLC now owns 4,285 shares of the insurance provider’s stock valued at $81,000 after purchasing an additional 2,831 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Radian Group by 49.8% during the second quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 1,476 shares in the last quarter. Finally, Comerica Bank acquired a new stake in Radian Group during the second quarter valued at approximately $99,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $35.00 price objective (down from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Radian Group has a consensus rating of “Hold” and a consensus price target of $30.00.

Radian Group Price Performance

Shares of RDN traded up $0.37 on Friday, hitting $29.66. The company’s stock had a trading volume of 909,753 shares, compared to its average volume of 1,325,824. The company has a market capitalization of $4.49 billion, a PE ratio of 7.85, a PEG ratio of 1.80 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 1.65. Radian Group Inc. has a fifty-two week low of $22.93 and a fifty-two week high of $33.69. The company has a 50 day moving average price of $30.28 and a 200 day moving average price of $28.23.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The business had revenue of $328.64 million for 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%. Radian Group’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. On average, research analysts anticipate that Radian Group Inc. will post 3.27 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a $0.245 dividend. This is an increase from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s payout ratio is presently 25.93%.

About Radian Group

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.