Radian Group Inc. (NYSE:RDN) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Radian Group Inc. (NYSE:RDN) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,845,740 shares of the insurance provider’s stock after acquiring an additional 121,166 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Radian Group were worth $202,789,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position 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 in the last quarter. Thrivent Financial for Lutherans lifted its stake in Radian Group by 0.8% in the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock valued at $97,437,000 after buying an additional 25,862 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Radian Group by 18.2% in the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock valued at $88,136,000 after acquiring an additional 435,751 shares during the period. Bank of New York Mellon Corp grew its position in shares of Radian Group by 0.3% during 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 during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Radian Group by 272.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock valued at $28,725,000 after acquiring an additional 605,956 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Roth Mkm increased their price target 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. Barclays raised their price target on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada upped their price objective on Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Finally, Keefe, Bruyette & Woods lifted their target price on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.10.

Radian Group Price Performance

Shares of RDN opened at $34.96 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $34.44 and its two-hundred day moving average is $33.53. Radian Group Inc. has a twelve month low of $24.92 and a twelve month high of $37.86. The firm has a market capitalization of $5.21 billion, a PE ratio of 9.06, a P/E/G ratio of 1.70 and a beta of 1.04.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. The firm had revenue of $319.05 million for the quarter, compared to the consensus estimate of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. Research analysts anticipate that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $0.245 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.80%. Radian Group’s dividend payout ratio (DPR) is presently 25.39%.

Insider Buying and Selling

In other news, EVP Eric Ray sold 53,791 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total value of $1,918,724.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robert Quigley sold 7,500 shares of the firm’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 transaction of $267,375.00. Following the sale, the chief accounting officer now owns 48,392 shares in the company, valued at approximately $1,725,174.80. This trade represents a 13.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,955 shares of company stock valued at $4,130,140. 2.16% of the stock is owned by insiders.

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.