Capital World Investors Has $38.33 Million Stake in Radian Group Inc. (NYSE:RDN)

Capital World Investors raised its stake in Radian Group Inc. (NYSE:RDN - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,208,457 shares of the insurance provider's stock after acquiring an additional 197,147 shares during the period. Capital World Investors owned 0.81% of Radian Group worth $38,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Trust Advisors LP boosted its stake in Radian Group by 20.6% in the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock valued at $341,505,000 after acquiring an additional 1,836,020 shares during the period. Canada Pension Plan Investment Board acquired a new position in Radian Group in the fourth quarter valued at approximately $9,564,000. Mariner LLC raised its holdings in shares of Radian Group by 14.8% during the fourth quarter. Mariner LLC now owns 30,724 shares of the insurance provider's stock valued at $975,000 after buying an additional 3,971 shares during the last quarter. Barclays PLC raised its holdings in shares of Radian Group by 2.9% during the fourth quarter. Barclays PLC now owns 292,582 shares of the insurance provider's stock valued at $9,280,000 after buying an additional 8,119 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in shares of Radian Group by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,854 shares of the insurance provider's stock valued at $503,000 after buying an additional 502 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RDN shares. Keefe, Bruyette & Woods cut their price target on Radian Group from $40.00 to $37.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. UBS Group lifted their price target on Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Radian Group has an average rating of "Hold" and a consensus price target of $36.20.

Insider Buying and Selling

In related news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now directly owns 344 shares of the company's stock, valued at $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.16% of the stock is owned by corporate insiders.

Radian Group Price Performance

NYSE RDN traded down $0.50 on Friday, reaching $31.41. 720,774 shares of the stock traded hands, compared to its average volume of 1,198,350. The firm's fifty day simple moving average is $32.08 and its 200 day simple moving average is $33.01. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a 12 month low of $29.77 and a 12 month high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, beating 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, research analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a dividend of $0.255 per share. This is a positive change from Radian Group's previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Monday, February 24th. Radian Group's payout ratio is presently 25.95%.

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.