Charles Schwab Investment Management Inc. Purchases 248,423 Shares of Radian Group Inc. (NYSE:RDN)

Charles Schwab Investment Management Inc. grew its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,094,163 shares of the insurance provider's stock after acquiring an additional 248,423 shares during the quarter. Charles Schwab Investment Management Inc. owned 4.09% of Radian Group worth $193,307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. QRG Capital Management Inc. raised its stake in Radian Group by 1.1% in the 3rd quarter. QRG Capital Management Inc. now owns 31,392 shares of the insurance provider's stock worth $1,089,000 after purchasing an additional 339 shares in the last quarter. MML Investors Services LLC raised its position in shares of Radian Group by 4.5% in the third quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider's stock valued at $295,000 after buying an additional 364 shares in the last quarter. CX Institutional boosted its stake in shares of Radian Group by 5.8% in the fourth quarter. CX Institutional now owns 8,233 shares of the insurance provider's stock valued at $261,000 after buying an additional 451 shares during the period. V Square Quantitative Management LLC grew its position 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 in the last quarter. Finally, Blue Trust Inc. increased its stake in Radian Group by 21.1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider's stock worth $105,000 after acquiring an additional 528 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Radian Group Price Performance

Shares of RDN stock traded down $0.07 during trading hours on Monday, reaching $32.00. The company's stock had a trading volume of 1,406,471 shares, compared to its average volume of 1,314,686. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86. The firm's 50 day simple moving average is $32.67 and its 200-day simple moving average is $33.80. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 1.73 and a beta of 1.04.

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

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Monday, February 24th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a dividend yield of 3.19%. Radian Group's payout ratio is 25.95%.

Insider Buying and Selling

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the firm's stock in a transaction that occurred 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 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 filing with the SEC, which is available at this link. 2.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. UBS Group increased their target price on Radian Group from $33.00 to $34.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods cut their price objective on shares of Radian Group from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Three investment 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.com, the company currently has a consensus rating of "Hold" and a consensus target price of $36.80.

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.