American Century Companies Inc. grew its stake in Radian Group Inc. (NYSE:RDN – Free Report) by 18.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,523,895 shares of the insurance provider’s stock after acquiring an additional 232,512 shares during the period. American Century Companies Inc. owned 0.97% of Radian Group worth $33,678,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of RDN. Point72 Middle East FZE bought a new position in shares of Radian Group in the fourth quarter worth about $37,000. Ronald Blue Trust Inc. raised its stake in shares of Radian Group by 66.3% in the first quarter. Ronald Blue Trust Inc. now owns 2,371 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 945 shares during the last quarter. Ensign Peak Advisors Inc bought a new position in shares of Radian Group in the third quarter worth about $73,000. Lazard Asset Management LLC raised its stake in shares of Radian Group by 194.7% in the fourth quarter. Lazard Asset Management LLC now owns 4,285 shares of the insurance provider’s stock worth $81,000 after acquiring an additional 2,831 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Radian Group by 49.8% in the second quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 1,476 shares during the last quarter. 96.17% of the stock is owned by institutional investors.
Insider Activity
In other news, Director Gregory Serio sold 3,800 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $26.82, for a total value of $101,916.00. Following the completion of the transaction, the director now owns 8,221 shares in the company, valued at $220,487.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gregory Serio sold 3,800 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $26.82, for a total value of $101,916.00. Following the completion of the transaction, the director now owns 8,221 shares in the company, valued at $220,487.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Edward J. Hoffman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $25.98, for a total transaction of $779,400.00. Following the completion of the transaction, the executive vice president now owns 124,784 shares of the company’s stock, valued at approximately $3,241,888.32. The disclosure for this sale can be found here. Insiders sold 34,455 shares of company stock worth $899,342 over the last quarter. 1.58% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
RDN has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Radian Group in a research note on Thursday, August 17th. They set a “hold” rating for the company. Bank of America downgraded shares of Radian Group from a “buy” rating to an “underperform” rating in a research note on Tuesday, May 9th. Royal Bank of Canada boosted their price target on shares of Radian Group from $26.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Friday, August 4th. Finally, Keefe, Bruyette & Woods downgraded shares of Radian Group from an “outperform” rating to a “market perform” rating and set a $27.50 price target for the company. in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.67.
Get Our Latest Stock Report on Radian Group
Radian Group Stock Down 0.2 %
Shares of NYSE RDN opened at $27.02 on Tuesday. The stock has a market cap of $4.25 billion, a P/E ratio of 6.59, a P/E/G ratio of 1.56 and a beta of 1.09. The firm has a 50 day moving average price of $26.31 and a 200 day moving average price of $24.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.29. Radian Group Inc. has a 52-week low of $17.83 and a 52-week high of $28.26.
Radian Group (NYSE:RDN – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. The firm had revenue of $278.85 million during the quarter, compared to analysts’ expectations of $289.10 million. Radian Group had a net margin of 54.83% and a return on equity of 17.30%. Analysts expect that Radian Group Inc. will post 3.47 EPS for the current year.
Radian Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Friday, August 18th. Radian Group’s dividend payout ratio is currently 21.95%.
About Radian Group
Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. The company operates through Mortgage and Homegenius segments. The Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting solutions.
Further Reading
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