Canada Pension Plan Investment Board purchased a new stake in Radian Group Inc. (NYSE:RDN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 301,500 shares of the insurance provider's stock, valued at approximately $9,564,000. Canada Pension Plan Investment Board owned about 0.20% of Radian Group as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Radian Group in the 4th quarter valued at $73,693,000. Vest Financial LLC lifted its position in shares of Radian Group by 35.4% during the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider's stock worth $34,640,000 after buying an additional 285,481 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Radian Group by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider's stock worth $193,307,000 after purchasing an additional 248,423 shares during the last quarter. American Century Companies Inc. lifted its stake in Radian Group by 7.9% in the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider's stock valued at $106,305,000 after buying an additional 245,303 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Radian Group by 19.2% during the 4th quarter. Invesco Ltd. now owns 1,326,010 shares of the insurance provider's stock worth $42,061,000 after purchasing an additional 214,036 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on RDN shares. Keefe, Bruyette & Woods reduced their target price on shares of Radian Group from $40.00 to $37.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. UBS Group upped their price objective on Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $36.20.
Check Out Our Latest Analysis on Radian Group
Radian Group Stock Performance
Radian Group stock traded down $0.50 during trading hours on Friday, reaching $31.41. 720,774 shares of the stock were exchanged, compared to its average volume of 1,195,764. Radian Group Inc. has a 52-week low of $29.77 and a 52-week high of $37.86. The stock has a market cap of $4.44 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The firm's 50 day moving average is $32.08 and its 200 day moving average is $33.03.
Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.
Radian Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were issued a $0.255 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.25%. This is an increase from Radian Group's previous quarterly dividend of $0.25. Radian Group's dividend payout ratio (DPR) is 25.95%.
Insiders Place Their Bets
In related news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the sale, the director now owns 344 shares in the company, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.16% of the company's stock.
About Radian Group
(
Free Report)
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.
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