Illinois Municipal Retirement Fund Boosts Holdings in Radian Group Inc. (NYSE:RDN)

Illinois Municipal Retirement Fund boosted its position in shares of Radian Group Inc. (NYSE:RDN) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 84,441 shares of the insurance provider’s stock after purchasing an additional 942 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Radian Group worth $2,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its stake in shares of Radian Group by 2.7% in the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock worth $232,433,000 after buying an additional 177,142 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Radian Group by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock worth $202,789,000 after acquiring an additional 121,166 shares during the last quarter. FMR LLC lifted its position in Radian Group by 0.4% in the 3rd quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock valued at $124,476,000 after acquiring an additional 12,834 shares in the last quarter. Vest Financial LLC boosted its stake in Radian Group by 35.4% during the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock valued at $34,640,000 after purchasing an additional 285,481 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Radian Group by 23.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,020,912 shares of the insurance provider’s stock valued at $32,383,000 after purchasing an additional 192,854 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Stock Performance

Shares of RDN opened at $32.71 on Friday. Radian Group Inc. has a one year low of $27.86 and a one year high of $37.86. The business has a fifty day moving average of $32.62 and a 200 day moving average of $33.91. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The firm has a market capitalization of $4.75 billion, a P/E ratio of 8.32, a PEG ratio of 1.73 and a beta of 1.06.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. As a group, sell-side analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be given a $0.255 dividend. The ex-dividend date is Monday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.12%. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

Analyst Ratings Changes

Several research firms recently commented on RDN. Keefe, Bruyette & Woods dropped their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. UBS Group raised their price target on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Radian Group presently has an average rating of “Hold” and an average target price of $36.80.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares in the company, valued at $5,953,909.50. This represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.16% of the company’s stock.

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.