Advisors Asset Management Inc. Raises Stock Holdings in Radian Group Inc. $RDN

Advisors Asset Management Inc. raised its position in shares of Radian Group Inc. (NYSE:RDN) by 657.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 19,209 shares of the insurance provider’s stock after purchasing an additional 16,672 shares during the quarter. Advisors Asset Management Inc.’s holdings in Radian Group were worth $692,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in shares of Radian Group by 11.8% during the first quarter. Federated Hermes Inc. now owns 110,772 shares of the insurance provider’s stock valued at $3,663,000 after acquiring an additional 11,648 shares during the last quarter. Natixis Advisors LLC increased its holdings in Radian Group by 3.7% during the 1st quarter. Natixis Advisors LLC now owns 290,314 shares of the insurance provider’s stock valued at $9,601,000 after purchasing an additional 10,368 shares during the period. US Bancorp DE raised its position in Radian Group by 22.7% during the 1st quarter. US Bancorp DE now owns 3,972 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 735 shares during the last quarter. Factorial Partners LLC raised its position in Radian Group by 25.5% during the 1st quarter. Factorial Partners LLC now owns 29,500 shares of the insurance provider’s stock valued at $976,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Radian Group by 4.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,340,962 shares of the insurance provider’s stock worth $209,696,000 after buying an additional 246,799 shares during the period. Institutional investors own 95.33% of the company’s stock.

Insiders Place Their Bets

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of Radian Group stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the completion of the transaction, the executive vice president owned 153,708 shares in the company, valued at approximately $5,687,196. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.01% of the stock is currently owned by company insiders.

Radian Group Stock Down 0.4%

NYSE:RDN opened at $35.51 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.68 and a quick ratio of 1.68. The firm’s 50-day moving average price is $34.68 and its 200-day moving average price is $34.62. The company has a market capitalization of $4.81 billion, a PE ratio of 8.94 and a beta of 0.81. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $38.84.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, topping the consensus estimate of $0.95 by $0.20. The business had revenue of $303.19 million for the quarter, compared to analyst estimates of $308.77 million. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. Radian Group’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, equities analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, November 24th. Radian Group’s dividend payout ratio (DPR) is 25.44%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RDN shares. Barclays boosted their target price on Radian Group from $35.00 to $37.00 and gave the company a “cautious” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (a-)” rating on shares of Radian Group in a research report on Monday. UBS Group decreased their price objective on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Radian Group currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

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.