American Century Companies Inc. Increases Position in Radian Group Inc. (NYSE:RDN)

American Century Companies Inc. lifted its holdings in Radian Group Inc. (NYSE:RDN) by 18.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,833,950 shares of the insurance provider’s stock after purchasing an additional 435,751 shares during the period. American Century Companies Inc. owned about 1.88% of Radian Group worth $88,136,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Radian Group by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock valued at $684,096,000 after purchasing an additional 69,383 shares in the last quarter. LSV Asset Management increased its stake in shares of Radian Group by 0.8% in the 1st quarter. LSV Asset Management now owns 6,863,814 shares of the insurance provider’s stock valued at $229,732,000 after purchasing an additional 52,397 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Radian Group by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,927,201 shares of the insurance provider’s stock valued at $59,936,000 after purchasing an additional 6,588 shares in the last quarter. Norges Bank acquired a new stake in Radian Group in the 4th quarter worth about $53,792,000. Finally, Allianz Asset Management GmbH boosted its holdings in Radian Group by 25.2% in the 4th quarter. Allianz Asset Management GmbH now owns 1,801,916 shares of the insurance provider’s stock worth $51,445,000 after buying an additional 362,409 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RDN. Keefe, Bruyette & Woods lifted their price objective on Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. UBS Group lifted their price objective on Radian Group from $30.00 to $31.50 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Roth Mkm lifted their price objective on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays lifted their price objective on Radian Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada boosted their target price on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.90.

Radian Group Trading Up 2.6 %

Shares of Radian Group stock opened at $35.13 on Friday. The stock has a market cap of $5.29 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.80 and a beta of 1.05. The stock’s 50 day simple moving average is $34.80 and its 200-day simple moving average is $32.29. Radian Group Inc. has a 1-year low of $24.56 and a 1-year high of $37.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 1.84.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. The business had revenue of $312.37 million for the quarter, compared to analysts’ expectations of $324.00 million. Radian Group had a return on equity of 14.43% and a net margin of 47.05%. Analysts predict that Radian Group Inc. will post 3.75 EPS for the current fiscal year.

Radian Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Monday, August 26th. Radian Group’s payout ratio is presently 25.93%.

Insider Activity

In other 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Radian Group news, CAO Robert Quigley sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total value of $267,375.00. Following the sale, the chief accounting officer now owns 48,392 shares of the company’s stock, valued at $1,725,174.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sumita Pandit sold 3,817 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total value of $130,655.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,772 shares of company stock valued at $4,260,796. 2.16% of the stock is currently owned by company insiders.

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.