Charles Schwab Investment Management Inc. Purchases 248,423 Shares of Radian Group Inc. (NYSE:RDN)

Charles Schwab Investment Management Inc. increased its position in Radian Group Inc. (NYSE:RDN) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,094,163 shares of the insurance provider’s stock after purchasing an additional 248,423 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 4.09% of Radian Group worth $193,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC raised its stake in shares of Radian Group by 61.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock valued at $40,000 after buying an additional 485 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Radian Group by 124.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock valued at $75,000 after acquiring an additional 1,320 shares during the period. Jones Financial Companies Lllp raised its position in Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock worth $76,000 after purchasing an additional 2,119 shares in the last quarter. Blue Trust Inc. lifted its stake in Radian Group by 21.1% during the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 528 shares during the period. Finally, KBC Group NV boosted its holdings in Radian Group by 19.0% during the third quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 716 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Radian Group Stock Down 0.4 %

Shares of RDN opened at $31.64 on Friday. The business’s 50 day simple moving average is $32.68 and its 200-day simple moving average is $33.85. Radian Group Inc. has a one year low of $29.17 and a one year high of $37.86. The company has a market capitalization of $4.59 billion, a P/E ratio of 8.05, a PEG ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. As a group, sell-side analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.22%. The ex-dividend date is Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

Insiders Place Their Bets

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the transaction, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. This trade represents a 92.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RDN shares. Keefe, Bruyette & Woods cut their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. UBS Group boosted their target price on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Radian Group currently has an average rating of “Hold” and an average price target of $36.80.

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.