Schubert & Co Invests $615,000 in Radian Group Inc. (NYSE:RDN)

Schubert & Co bought a new stake in Radian Group Inc. (NYSE:RDN - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,731 shares of the insurance provider's stock, valued at approximately $615,000. Radian Group comprises approximately 0.4% of Schubert & Co's investment portfolio, making the stock its 24th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in RDN. Arizona State Retirement System increased its holdings in Radian Group by 0.8% during the second quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider's stock worth $1,319,000 after buying an additional 321 shares during the last quarter. Xponance Inc. increased its holdings in Radian Group by 2.5% during the second quarter. Xponance Inc. now owns 13,121 shares of the insurance provider's stock worth $408,000 after buying an additional 321 shares during the last quarter. Measured Wealth Private Client Group LLC increased its holdings in Radian Group by 2.2% during the first quarter. Measured Wealth Private Client Group LLC now owns 20,848 shares of the insurance provider's stock worth $698,000 after buying an additional 453 shares during the last quarter. Astoria Portfolio Advisors LLC. increased its stake in shares of Radian Group by 6.7% in the first quarter. Astoria Portfolio Advisors LLC. now owns 7,482 shares of the insurance provider's stock worth $250,000 after purchasing an additional 470 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Radian Group by 5.2% in the first quarter. Tidal Investments LLC now owns 9,516 shares of the insurance provider's stock worth $319,000 after purchasing an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Insider Buying and Selling at Radian Group

In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of Radian Group stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Radian Group news, CFO Sumita Pandit sold 3,817 shares of Radian Group stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total transaction of $130,655.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Ray sold 53,791 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The disclosure for this sale can be found here. Insiders sold a total of 119,772 shares of company stock worth $4,260,796 over the last three months. 2.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RDN shares. Barclays lifted their target price on shares of Radian Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of Radian Group from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Roth Mkm lifted their target price on shares of Radian Group from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada lifted their target price on shares of Radian Group from $32.00 to $37.00 and gave the stock a "sector perform" rating in a research note on Friday, August 2nd. 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 presently has an average rating of "Hold" and a consensus target price of $36.10.

Radian Group Price Performance

Shares of RDN stock traded down $0.52 during trading hours on Friday, reaching $35.32. The stock had a trading volume of 1,254,500 shares, compared to its average volume of 1,015,754. The stock's fifty day simple moving average is $34.95 and its 200 day simple moving average is $32.93. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45. Radian Group Inc. has a 12 month low of $24.62 and a 12 month high of $37.86. The firm has a market capitalization of $5.32 billion, a PE ratio of 9.34, a PEG ratio of 1.82 and a beta of 1.05.

Radian Group (NYSE:RDN - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.12. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. The company had revenue of $312.37 million during the quarter, compared to analyst estimates of $324.00 million. On average, equities research analysts predict that Radian Group Inc. will post 3.75 EPS for the current year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.98 annualized dividend and a yield of 2.77%. Radian Group's payout ratio is presently 25.93%.

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.