Moran Wealth Management LLC Makes New Investment in Radian Group Inc. (NYSE:RDN)

Moran Wealth Management LLC acquired a new stake in Radian Group Inc. (NYSE:RDN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,394 shares of the insurance provider's stock, valued at approximately $2,650,000. Moran Wealth Management LLC owned 0.05% of Radian Group at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Radian Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider's stock worth $684,096,000 after purchasing an additional 69,383 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Radian Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider's stock worth $172,365,000 after purchasing an additional 89,363 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Radian Group by 0.8% during the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider's stock worth $97,437,000 after purchasing an additional 25,862 shares during the period. American Century Companies Inc. lifted its holdings in shares of Radian Group by 18.2% during the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider's stock worth $88,136,000 after purchasing an additional 435,751 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Radian Group by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,927,201 shares of the insurance provider's stock worth $59,936,000 after acquiring an additional 6,588 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RDN has been the subject of several research analyst reports. Barclays increased their price objective on Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Roth Mkm raised their price target on Radian Group from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Royal Bank of Canada raised their price target on Radian Group from $32.00 to $37.00 and gave the company a "sector perform" rating in a research report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods raised their price target on Radian Group from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $36.10.

Insider Transactions at Radian Group

In other news, insider Derek Brummer sold 35,153 shares of Radian Group stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the transaction, the insider now directly owns 186,535 shares of the company's stock, valued at approximately $6,595,877.60. The trade was a 15.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert Quigley sold 7,500 shares of Radian Group stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total transaction of $267,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 48,392 shares of the company's stock, valued at $1,725,174.80. This trade represents a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,955 shares of company stock valued at $4,130,140. Insiders own 2.16% of the company's stock.

Radian Group Stock Up 2.8 %

Shares of RDN stock traded up $0.94 on Friday, hitting $34.96. The stock had a trading volume of 851,676 shares, compared to its average volume of 1,046,354. Radian Group Inc. has a 52-week low of $24.92 and a 52-week high of $37.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 1.70 and a beta of 1.04. The stock's 50 day moving average is $34.44 and its 200-day moving average is $33.50.

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

Radian Group Dividend Announcement

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

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.