California Public Employees Retirement System Grows Stock Position in Radian Group Inc. $RDN

California Public Employees Retirement System grew its stake in Radian Group Inc. (NYSE:RDN) by 5.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 288,745 shares of the insurance provider’s stock after purchasing an additional 14,239 shares during the period. California Public Employees Retirement System’s holdings in Radian Group were worth $9,552,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in Radian Group by 178.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 476 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Radian Group in the fourth quarter valued at approximately $29,000. Geneos Wealth Management Inc. boosted its position in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares in the last quarter. Fifth Third Bancorp boosted its position in Radian Group by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 360 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Radian Group during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

RDN has been the subject of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Radian Group in a report on Tuesday, June 16th. Royal Bank Of Canada assumed coverage on shares of Radian Group in a report on Friday, May 22nd. They set an “outperform” rating and a $47.00 price target on the stock. Barclays raised their price target on shares of Radian Group from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Radian Group from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.17.

Insider Buying and Selling at Radian Group

In related news, CEO Michael S. Weinbach bought 120,487 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $33.89 per share, with a total value of $4,083,304.43. Following the completion of the purchase, the chief executive officer directly owned 120,487 shares of the company’s stock, valued at approximately $4,083,304.43. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Edward J. Hoffman sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $38.00, for a total transaction of $570,000.00. Following the completion of the transaction, the executive vice president directly owned 93,708 shares in the company, valued at $3,560,904. This represents a 13.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 45,516 shares of company stock valued at $1,682,576. Insiders own 2.03% of the company’s stock.

Radian Group Stock Up 1.2%

Radian Group stock opened at $38.63 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $5.14 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.72. The business has a 50 day simple moving average of $36.42 and a 200-day simple moving average of $34.96. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $41.05.

Radian Group (NYSE:RDN) last announced its earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The firm had revenue of $466.34 million for the quarter, compared to analyst estimates of $377.83 million. During the same quarter last year, the firm posted $0.99 EPS. The business’s revenue was up 46.6% on a year-over-year basis. On average, analysts anticipate that Radian Group Inc. will post 5.17 EPS for the current fiscal year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd were given a dividend of $0.255 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.6%. Radian Group’s dividend payout ratio is currently 25.12%.

Radian Group Company Profile

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.