Charles Schwab Investment Management Inc. Increases Stock Holdings in Radian Group Inc. (NYSE:RDN)

Charles Schwab Investment Management Inc. lifted its position in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,845,740 shares of the insurance provider's stock after purchasing an additional 121,166 shares during the period. Charles Schwab Investment Management Inc. owned 3.89% of Radian Group worth $202,789,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new stake in Radian Group during the third quarter valued at about $27,000. Fifth Third Bancorp raised its position in Radian Group by 859.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider's stock worth $40,000 after purchasing an additional 1,160 shares during the period. CWM LLC boosted its holdings in Radian Group by 539.9% during the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 1,679 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of Radian Group by 37.0% during the second quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider's stock valued at $70,000 after purchasing an additional 611 shares during the period. Finally, Blue Trust Inc. grew its holdings in Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider's stock worth $87,000 after acquiring an additional 1,949 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Radian Group Trading Up 2.8 %

RDN stock traded up $0.94 during midday trading on Friday, reaching $34.96. The company's stock had a trading volume of 851,676 shares, compared to its average volume of 1,429,659. Radian Group Inc. has a 1 year low of $24.92 and a 1 year high of $37.86. The stock has a fifty day simple moving average of $34.44 and a two-hundred day simple moving average of $33.56. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01.

Radian Group (NYSE:RDN - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The company had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. On average, equities research analysts predict that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.80%. Radian Group's dividend payout ratio is currently 25.39%.

Insider Activity at Radian Group

In related news, CAO Robert Quigley sold 7,500 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the sale, the chief accounting officer now owns 48,392 shares of the company's stock, valued at approximately $1,725,174.80. The trade was a 13.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mary Dickerson sold 19,511 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $35.93, for a total value of $701,030.23. The disclosure for this sale can be found here. Insiders have sold a total of 115,955 shares of company stock worth $4,130,140 over the last quarter. Insiders own 2.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on RDN shares. Barclays upped their price objective on shares of Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Royal Bank of Canada boosted their price target on Radian Group from $32.00 to $37.00 and gave the stock a "sector perform" rating in a research note on Friday, August 2nd. Roth Mkm raised their target price on shares of Radian Group from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Radian Group from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Radian Group currently has an average rating of "Hold" and an average price target of $36.10.

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.