American Century Companies Inc. Has $106.31 Million Stake in Radian Group Inc. (NYSE:RDN)

American Century Companies Inc. raised its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,351,361 shares of the insurance provider's stock after acquiring an additional 245,303 shares during the period. American Century Companies Inc. owned approximately 2.25% of Radian Group worth $106,305,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Picton Mahoney Asset Management grew its stake in shares of Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider's stock worth $31,000 after purchasing an additional 342 shares during the period. V Square Quantitative Management LLC boosted its holdings in Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider's stock worth $40,000 after buying an additional 485 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider's stock worth $75,000 after buying an additional 1,320 shares during the period. Jones Financial Companies Lllp grew its position in shares of Radian Group by 735.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider's stock worth $76,000 after buying an additional 2,119 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Radian Group by 21.1% in the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock valued at $105,000 after acquiring an additional 528 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

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Insider Buying and Selling at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, the director now owns 344 shares of the company's stock, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.16% of the company's stock.

Radian Group Stock Up 0.8 %

NYSE RDN traded up $0.27 during trading hours on Thursday, reaching $33.44. 1,068,962 shares of the company's stock were exchanged, compared to its average volume of 1,045,943. 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 company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company's 50-day moving average is $32.70 and its two-hundred day moving average is $33.46. Radian Group Inc. has a one year low of $29.17 and a one year high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data 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 net margin of 46.85% and a return on equity of 13.96%. On average, analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Monday, February 24th. This is a boost from Radian Group's previous quarterly dividend of $0.25. Radian Group's dividend payout ratio is 25.95%.

Analyst Ratings Changes

RDN has been the subject of a number of analyst reports. UBS Group boosted their price objective 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. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $36.80.

About Radian Group

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.