Charles Schwab Investment Management Inc. Grows Position in Radian Group Inc. (NYSE:RDN)

Charles Schwab Investment Management Inc. lifted its holdings in Radian Group Inc. (NYSE:RDN) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,845,740 shares of the insurance provider’s stock after buying an additional 121,166 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.89% of Radian Group worth $202,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in shares of Radian Group during the 3rd quarter worth approximately $27,000. Fifth Third Bancorp boosted its stake in Radian Group by 859.3% during the second quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock worth $40,000 after buying an additional 1,160 shares during the last quarter. CWM LLC grew its holdings in Radian Group by 539.9% in the 2nd quarter. CWM LLC now owns 1,990 shares of the insurance provider’s stock valued at $62,000 after buying an additional 1,679 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Radian Group by 37.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,261 shares of the insurance provider’s stock worth $70,000 after acquiring an additional 611 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Radian Group by 352.4% during the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 1,949 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Activity at Radian Group

In other Radian Group news, EVP Eric Ray sold 53,791 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $35.67, for a total transaction of $1,918,724.97. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Robert Quigley sold 7,500 shares of Radian Group stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $35.65, for a total value of $267,375.00. Following the completion of the transaction, the chief accounting officer now owns 48,392 shares of the company’s stock, valued at $1,725,174.80. The trade was a 13.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,955 shares of company stock worth $4,130,140. Corporate insiders own 2.16% of the company’s stock.

Radian Group Stock Performance

NYSE:RDN opened at $34.96 on Friday. Radian Group Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $37.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. The company has a 50 day moving average price of $34.44 and a 200 day moving average price of $33.53. The stock has a market capitalization of $5.21 billion, a P/E ratio of 9.06, a PEG ratio of 1.70 and a beta of 1.04.

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

Radian Group Announces Dividend

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

Analyst Ratings Changes

RDN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Roth Mkm lifted their price target on shares of Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barclays upped their price objective on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada raised their target price on Radian Group from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.10.

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.