Radian Group Inc. $RDN Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of Radian Group Inc. (NYSE:RDN) by 4.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,019,483 shares of the insurance provider’s stock after purchasing an additional 171,049 shares during the quarter. American Century Companies Inc.’s holdings in Radian Group were worth $145,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of RDN. Financial Consulate Inc. purchased a new position in Radian Group in the third quarter valued at $29,000. Bessemer Group Inc. lifted its position in shares of Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 318 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Radian Group by 191.3% in the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 572 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Radian Group in the third quarter worth about $33,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Radian Group by 178.2% in the third quarter. Hantz Financial Services Inc. now owns 1,224 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 784 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on RDN shares. Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Barclays set a $40.00 price objective on Radian Group in a research report on Monday, February 23rd. Weiss Ratings downgraded shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $41.00 to $42.00 in a report on Wednesday, February 11th. Finally, Roth Mkm reissued a “buy” rating and set a $45.00 price objective on shares of Radian Group in a research report on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.80.

Insider Transactions at Radian Group

In other Radian Group news, EVP Eric Ray sold 13,957 shares of Radian Group stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.16% of the company’s stock.

Radian Group Trading Down 2.4%

Shares of RDN stock opened at $34.47 on Monday. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84. The stock has a market cap of $4.70 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.86 and a beta of 0.79. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $34.20 and a 200-day simple moving average of $34.69.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, February 18th. The insurance provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The business had revenue of $300.51 million during the quarter, compared to analysts’ expectations of $300.45 million. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $1.09 EPS. On average, analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, February 23rd. Radian Group’s payout ratio is currently 24.58%.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.