Mutual of America Capital Management LLC Has $765,000 Stock Holdings in Radian Group Inc. (NYSE:RDN)

Mutual of America Capital Management LLC cut its holdings in Radian Group Inc. (NYSE:RDN) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,807 shares of the insurance provider’s stock after selling 784 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Radian Group were worth $765,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new position in shares of Radian Group in the fourth quarter valued at approximately $16,368,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Radian Group by 42.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,084 shares of the insurance provider’s stock valued at $4,942,000 after purchasing an additional 51,852 shares during the period. Comerica Bank raised its position in shares of Radian Group by 5,573.5% in the third quarter. Comerica Bank now owns 222,287 shares of the insurance provider’s stock valued at $5,582,000 after purchasing an additional 218,369 shares during the period. Tudor Investment Corp Et Al bought a new position in shares of Radian Group in the third quarter valued at approximately $6,735,000. Finally, Los Angeles Capital Management LLC raised its position in shares of Radian Group by 174.5% in the third quarter. Los Angeles Capital Management LLC now owns 27,864 shares of the insurance provider’s stock valued at $700,000 after purchasing an additional 17,713 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Radian Group Trading Up 0.9 %

Shares of RDN stock opened at $29.93 on Tuesday. Radian Group Inc. has a 1 year low of $22.93 and a 1 year high of $33.69. The firm’s fifty day simple moving average is $30.32 and its 200 day simple moving average is $28.30. The firm has a market capitalization of $4.53 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.02. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35.

Radian Group (NYSE:RDN) last announced its earnings results 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. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The business had revenue of $328.64 million for the quarter, compared to analyst estimates of $319.04 million. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Radian Group’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Radian Group Inc. will post 3.27 EPS for the current year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 3.27%. The ex-dividend date was Friday, February 23rd. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. Radian Group’s payout ratio is 25.93%.

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.