Radian Group Inc. (NYSE:RDN) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 111,498 shares of the insurance provider's stock after buying an additional 10,230 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.07% of Radian Group worth $3,537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its holdings in Radian Group by 6.1% in the 4th quarter. MetLife Investment Management LLC now owns 91,415 shares of the insurance provider's stock valued at $2,900,000 after purchasing an additional 5,253 shares during the last quarter. Capital World Investors lifted its holdings in Radian Group by 19.5% in the fourth quarter. Capital World Investors now owns 1,208,457 shares of the insurance provider's stock valued at $38,332,000 after acquiring an additional 197,147 shares during the last quarter. First Trust Advisors LP grew its position 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 worth $341,505,000 after acquiring an additional 1,836,020 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Radian Group during the fourth quarter worth $9,564,000. Finally, Mariner LLC raised its position in Radian Group by 14.8% in the fourth quarter. Mariner LLC now owns 30,724 shares of the insurance provider's stock valued at $975,000 after purchasing an additional 3,971 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Transactions at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total value of $133,865.00. Following the completion of the transaction, the director now owns 344 shares in the company, valued at $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RDN shares. UBS Group increased their price target on Radian Group from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $38.00 target price (up previously from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $36.80.

Radian Group Trading Down 0.9 %

RDN traded down $0.31 during mid-day trading on Friday, hitting $33.58. 961,676 shares of the stock were exchanged, compared to its average volume of 1,213,296. The company has a market cap of $4.51 billion, a PE ratio of 8.54, a PEG ratio of 1.73 and a beta of 0.71. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The firm's fifty day moving average is $32.16 and its two-hundred day moving average is $32.91. Radian Group Inc. has a 1-year low of $29.32 and a 1-year high of $37.86.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $318.11 million during the quarter, compared to analyst estimates of $326.99 million. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Equities analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid a $0.255 dividend. This is an increase from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 annualized dividend and a dividend yield of 3.04%. Radian Group's payout ratio is 25.95%.

Radian Group 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.