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

American Century Companies Inc. raised its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,351,361 shares of the insurance provider's stock after buying an additional 245,303 shares during the quarter. American Century Companies Inc. owned 2.25% of Radian Group worth $106,305,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Insider Transactions at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.16% of the stock is currently owned by insiders.

Radian Group Stock Up 0.7 %

NYSE RDN traded up $0.24 on Tuesday, reaching $32.74. The company had a trading volume of 404,779 shares, compared to its average volume of 1,044,293. The company's fifty day moving average is $32.67 and its 200-day moving average is $33.48. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. Radian Group Inc. has a 1-year low of $29.17 and a 1-year high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share 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%. On average, research analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were issued a $0.255 dividend. The ex-dividend date was Monday, February 24th. This is an increase from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.12%. Radian Group's dividend payout ratio (DPR) is 25.95%.

Wall Street Analyst Weigh In

RDN has been the topic of several research analyst reports. UBS Group raised their price objective on Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their price target 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.