Radian Group Inc. (NYSE:RDN) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in shares of Radian Group Inc. (NYSE:RDN) by 923.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,258 shares of the insurance provider’s stock after buying an additional 4,744 shares during the quarter. International Assets Investment Management LLC’s holdings in Radian Group were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Radian Group by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,963,235 shares of the insurance provider’s stock worth $99,517,000 after buying an additional 116,774 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Radian Group by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 2,302,346 shares of the insurance provider’s stock valued at $57,812,000 after purchasing an additional 17,829 shares in the last quarter. American Century Companies Inc. grew its position in shares of Radian Group by 12.4% in the third quarter. American Century Companies Inc. now owns 1,855,310 shares of the insurance provider’s stock valued at $46,587,000 after purchasing an additional 204,459 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Radian Group by 117.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,694,765 shares of the insurance provider’s stock worth $42,556,000 after purchasing an additional 914,046 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Radian Group by 0.6% during the 3rd quarter. Invesco Ltd. now owns 1,536,521 shares of the insurance provider’s stock worth $38,582,000 after purchasing an additional 9,011 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $35.00 price target (down previously from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Radian Group Stock Up 0.1 %

RDN stock opened at $30.35 on Monday. Radian Group Inc. has a one year low of $22.93 and a one year high of $33.69. The stock has a market capitalization of $4.60 billion, a P/E ratio of 8.03, a PEG ratio of 1.86 and a beta of 1.02. The company has a 50 day moving average price of $30.51 and a two-hundred day moving average price of $28.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.65 and a current ratio of 1.65.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.86 by $0.10. The company had revenue of $328.64 million during the quarter, compared to analysts’ expectations of $319.04 million. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. As a group, sell-side analysts expect that Radian Group Inc. will post 3.27 EPS for the current year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, February 23rd. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. Radian Group’s dividend payout ratio (DPR) is 25.93%.

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.