KBC Group NV Boosts Stock Holdings in Radian Group Inc. (NYSE:RDN)

KBC Group NV boosted its stake in Radian Group Inc. (NYSE:RDN) by 19.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,481 shares of the insurance provider’s stock after purchasing an additional 716 shares during the quarter. KBC Group NV’s holdings in Radian Group were worth $155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Radian Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,439,073 shares of the insurance provider’s stock valued at $684,096,000 after purchasing an additional 69,383 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Radian Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock valued at $172,365,000 after purchasing an additional 89,363 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Radian Group by 0.8% in the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock worth $97,437,000 after buying an additional 25,862 shares during the last quarter. American Century Companies Inc. boosted its stake in Radian Group by 18.2% during the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock worth $88,136,000 after buying an additional 435,751 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Radian Group by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,927,201 shares of the insurance provider’s stock valued at $59,936,000 after acquiring an additional 6,588 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Radian Group

In other Radian Group news, CAO Robert Quigley sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $35.65, for a total transaction of $267,375.00. Following the completion of the sale, the chief accounting officer now owns 48,392 shares of the company’s stock, valued at $1,725,174.80. This trade represents a 13.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Derek Brummer sold 35,153 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $35.36, for a total transaction of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares in the company, valued at approximately $6,595,877.60. This trade represents a 15.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,955 shares of company stock worth $4,130,140. Corporate insiders own 2.16% of the company’s stock.

Radian Group Price Performance

Shares of NYSE RDN opened at $33.60 on Thursday. Radian Group Inc. has a 52 week low of $24.92 and a 52 week high of $37.86. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.42. The firm has a market cap of $5.00 billion, a P/E ratio of 8.70, a P/E/G ratio of 1.73 and a beta of 1.04. The business’s 50 day moving average price is $34.44 and its 200 day moving average price is $33.50.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The business had revenue of $319.05 million during the quarter, compared to the consensus estimate of $320.30 million. On average, sell-side analysts expect that Radian Group Inc. will post 4 earnings per share for the current year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Monday, November 25th. Radian Group’s dividend payout ratio is currently 25.39%.

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.