2,323,236 Shares in Radian Group Inc. (NYSE:RDN) Acquired by Norges Bank

Norges Bank purchased a new stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,323,236 shares of the insurance provider's stock, valued at approximately $73,693,000. Norges Bank owned 1.56% of Radian Group at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. State Street Corp lifted its stake in shares of Radian Group by 2.7% during the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider's stock worth $232,433,000 after purchasing an additional 177,142 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Radian Group by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider's stock valued at $193,307,000 after acquiring an additional 248,423 shares during the period. FMR LLC increased its holdings in shares of Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider's stock valued at $124,476,000 after purchasing an additional 12,834 shares during the period. American Century Companies Inc. raised its position in Radian Group by 7.9% during the 4th quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider's stock worth $106,305,000 after buying an additional 245,303 shares during the last quarter. Finally, River Road Asset Management LLC raised its holdings in shares of Radian Group by 0.3% during the fourth quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider's stock worth $52,160,000 after purchasing an additional 5,524 shares during the last quarter. Institutional investors own 95.33% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RDN shares. UBS Group boosted their price target on 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 on the stock in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $36.80.

Radian Group Trading Down 2.4 %

NYSE RDN traded down $0.75 on Monday, reaching $30.62. 2,875,997 shares of the company were exchanged, compared to its average volume of 1,148,967. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The business's fifty day moving average price is $32.61 and its 200 day moving average price is $33.33. The stock has a market capitalization of $4.44 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, beating 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%. 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 disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were issued a $0.255 dividend. 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 3.33%. The ex-dividend date was Monday, February 24th. Radian Group's dividend payout ratio is currently 25.95%.

Insider Transactions at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the company'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 transaction of $133,865.00. Following the sale, the director now directly owns 344 shares of the company's stock, valued at $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.16% of the company's stock.

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.