Radian Group Inc. (NYSE:RDN) Stock Position Boosted by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in shares of Radian Group Inc. (NYSE:RDN) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,264 shares of the insurance provider’s stock after buying an additional 1,563 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Radian Group were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in RDN. Nordea Investment Management AB increased its stake in shares of Radian Group by 11.2% during the fourth quarter. Nordea Investment Management AB now owns 195,942 shares of the insurance provider’s stock valued at $6,233,000 after acquiring an additional 19,730 shares during the period. Centiva Capital LP acquired a new position in shares of Radian Group during the 3rd quarter valued at $512,000. Public Sector Pension Investment Board raised its stake in shares of Radian Group by 5.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 331,341 shares of the insurance provider’s stock worth $10,305,000 after buying an additional 17,367 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Radian Group by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock worth $202,789,000 after buying an additional 121,166 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in shares of Radian Group in the third quarter valued at $2,650,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RDN has been the topic of several research reports. Keefe, Bruyette & Woods dropped 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 report on Wednesday, January 8th. Barclays increased their target price on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.30.

Radian Group Price Performance

RDN stock opened at $30.58 on Monday. Radian Group Inc. has a one year low of $26.11 and a one year high of $37.86. The firm has a 50-day moving average of $33.38 and a two-hundred day moving average of $34.06. The firm has a market capitalization of $4.55 billion, a PE ratio of 7.92, a P/E/G ratio of 1.69 and a beta of 1.06. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $320.30 million. On average, analysts forecast that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 3.20%. The ex-dividend date was Monday, November 25th. Radian Group’s payout ratio is 25.39%.

Insider Buying and Selling

In other news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now owns 171,830 shares in the company, valued at $5,953,909.50. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.16% of the company’s stock.

Radian Group 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.