Radian Group Inc. (NYSE:RDN) Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Radian Group Inc. by 4.0% during the 1st quarter, holding 6,340,962 shares valued at approximately $209.70 million.
• The company announced a quarterly dividend of $0.255 per share, resulting in an annual yield of 3.0%, with a dividend payout ratio of 25.69%.
• Radian Group reported earnings of $1.01 EPS for the quarter, exceeding estimates by $0.08, despite a revenue decline of 0.9% compared to last year.

Charles Schwab Investment Management Inc. raised its holdings in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 4.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,340,962 shares of the insurance provider's stock after acquiring an additional 246,799 shares during the period. Charles Schwab Investment Management Inc. owned approximately 4.72% of Radian Group worth $209,696,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP boosted its stake in Radian Group by 20.6% in the 4th quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock worth $341,505,000 after purchasing an additional 1,836,020 shares during the period. Invesco Ltd. raised its holdings in Radian Group by 19.2% in the 4th quarter. Invesco Ltd. now owns 1,326,010 shares of the insurance provider's stock valued at $42,061,000 after acquiring an additional 214,036 shares during the period. Capital World Investors increased its holdings in shares of Radian Group by 19.5% during the fourth quarter. Capital World Investors now owns 1,208,457 shares of the insurance provider's stock worth $38,332,000 after purchasing an additional 197,147 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Radian Group by 109.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 901,260 shares of the insurance provider's stock worth $28,588,000 after acquiring an additional 470,158 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Radian Group by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 869,869 shares of the insurance provider's stock valued at $27,592,000 after buying an additional 9,723 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

Analyst Upgrades and Downgrades

RDN has been the subject of a number of analyst reports. UBS Group reissued a "neutral" rating and set a $38.00 target price (up previously from $36.00) on shares of Radian Group in a research note on Monday, July 14th. Barclays upped their target price on shares of Radian Group from $34.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods cut shares of Radian Group from a "moderate buy" rating to a "hold" rating and set a $38.00 price objective for the company. in a research note on Monday, July 7th. Finally, Compass Point lowered shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd.

Insider Buying and Selling

In related news, EVP Eric Ray sold 30,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $33.30, for a total value of $999,000.00. Following the completion of the transaction, the executive vice president owned 13,957 shares of the company's stock, valued at approximately $464,768.10. The trade was a 68.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Noel Joseph Spiegel sold 5,105 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $33.66, for a total transaction of $171,834.30. Following the transaction, the director directly owned 20,008 shares of the company's stock, valued at approximately $673,469.28. This represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,378 shares of company stock valued at $2,944,414 over the last three months. 2.16% of the stock is currently owned by insiders.

Radian Group Stock Performance

Shares of RDN traded up $0.47 during trading hours on Tuesday, hitting $34.66. The stock had a trading volume of 566,947 shares, compared to its average volume of 1,159,213. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a 50-day moving average price of $34.43 and a 200 day moving average price of $33.33. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $36.99. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 8.73 and a beta of 0.74.

Radian Group (NYSE:RDN - Get Free Report) last released its earnings results on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. The business had revenue of $318.00 million during the quarter, compared to analyst estimates of $321.97 million. Radian Group had a net margin of 45.62% and a return on equity of 13.25%. The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. As a group, research analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, June 2nd. Radian Group's dividend payout ratio is currently 25.69%.

Radian Group declared that its board has authorized a share buyback program on Wednesday, May 21st that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the insurance provider to reacquire up to 16.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

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.