Radian Group Inc. $RDN Shares Bought by Capital World Investors

Capital World Investors grew its stake in shares of Radian Group Inc. (NYSE:RDN) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,576,825 shares of the insurance provider’s stock after purchasing an additional 122,738 shares during the quarter. Capital World Investors’ holdings in Radian Group were worth $56,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV raised its holdings in Radian Group by 0.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock worth $1,208,000 after purchasing an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Radian Group by 16.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock valued at $79,000 after acquiring an additional 310 shares during the period. Bessemer Group Inc. increased its holdings in shares of Radian Group by 66.7% in the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 318 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Radian Group by 26.9% in the 4th quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 329 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Radian Group by 14.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 344 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and lifted their target price for the company from $35.00 to $43.00 in a report on Wednesday, April 29th. Royal Bank Of Canada assumed coverage on shares of Radian Group in a research report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Radian Group from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, April 10th. Finally, UBS Group lowered their price objective on shares of Radian Group from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Radian Group currently has a consensus rating of “Moderate Buy” and an average price target of $42.67.

Radian Group Price Performance

Shares of NYSE RDN opened at $34.24 on Wednesday. The firm has a market capitalization of $4.55 billion, a P/E ratio of 8.43, a PEG ratio of 0.84 and a beta of 0.73. Radian Group Inc. has a one year low of $31.50 and a one year high of $38.84. The company’s fifty day moving average is $35.30 and its two-hundred day moving average is $34.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, May 7th. The insurance provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $466.34 million for the quarter, compared to analyst estimates of $377.83 million. Radian Group had a net margin of 40.50% and a return on equity of 13.57%. The business’s revenue was up 46.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. Analysts forecast that Radian Group Inc. will post 5.17 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 2nd. Radian Group’s payout ratio is presently 25.12%.

Insider Activity at Radian Group

In other Radian Group news, Chairman Howard Bernard Culang sold 3,612 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $36.00, for a total transaction of $130,032.00. Following the sale, the chairman directly owned 8,050 shares in the company, valued at approximately $289,800. The trade was a 30.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Weinbach purchased 49,513 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of $34.04 per share, with a total value of $1,685,422.52. Following the purchase, the chief executive officer directly owned 170,000 shares in the company, valued at approximately $5,786,800. The trade was a 41.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 75,516 shares of company stock worth $2,747,576. 2.03% of the stock is currently owned by insiders.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.