Swiss National Bank Lowers Stake in Radian Group Inc. (NYSE:RDN)

Swiss National Bank decreased its position in shares of Radian Group Inc. (NYSE:RDN) by 1.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 293,950 shares of the insurance provider’s stock after selling 4,100 shares during the period. Swiss National Bank’s holdings in Radian Group were worth $10,197,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake 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 worth $172,365,000 after purchasing an additional 89,363 shares during the period. Thrivent Financial for Lutherans lifted its position in Radian Group by 0.8% during 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 period. American Century Companies Inc. boosted its stake in Radian Group by 18.2% in the 2nd 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 last quarter. Bank of New York Mellon Corp grew its holdings in Radian Group by 0.3% in the 2nd 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 buying an additional 6,588 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Radian Group by 272.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock valued at $28,725,000 after acquiring an additional 605,956 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on RDN. Keefe, Bruyette & Woods boosted their target price 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. Royal Bank of Canada boosted their price objective on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Roth Mkm increased their target price on Radian Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Barclays boosted their price target on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.10.

Insider Buying and Selling at Radian Group

In other Radian Group news, EVP Eric Ray sold 53,791 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $35.67, for a total value of $1,918,724.97. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Robert Quigley sold 7,500 shares of the firm’s 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 sale, the chief accounting officer now owns 48,392 shares of the company’s stock, valued at $1,725,174.80. This represents a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 115,955 shares of company stock valued at $4,130,140 over the last 90 days. 2.16% of the stock is owned by corporate insiders.

Radian Group Stock Performance

Shares of RDN stock opened at $34.96 on Monday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The company has a market cap of $5.21 billion, a PE ratio of 9.06, a P/E/G ratio of 1.70 and a beta of 1.04. The company’s fifty day simple moving average is $34.44 and its 200-day simple moving average is $33.56. Radian Group Inc. has a 52 week low of $24.92 and a 52 week high of $37.86.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 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 company had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. As a group, equities research analysts anticipate that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 yield of 2.80%. The ex-dividend date of this dividend is Monday, November 25th. Radian Group’s dividend payout ratio is presently 25.39%.

Radian Group Company 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.