NFJ Investment Group LLC Acquires New Shares in Radian Group Inc. $RDN

NFJ Investment Group LLC acquired a new position in shares of Radian Group Inc. (NYSE:RDN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 155,984 shares of the insurance provider’s stock, valued at approximately $5,876,000. NFJ Investment Group LLC owned about 0.12% of Radian Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Radian Group by 178.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after buying an additional 476 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after buying an additional 572 shares in the last quarter. Fifth Third Bancorp grew its stake in Radian Group by 65.8% in the 4th quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 360 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Radian Group in the 3rd quarter valued at about $34,000. Finally, Global Retirement Partners LLC acquired a new stake in Radian Group in the 2nd quarter valued at about $37,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Price Performance

NYSE:RDN opened at $36.64 on Friday. Radian Group Inc. has a 12-month low of $31.50 and a 12-month high of $41.05. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.88 and a beta of 0.72. The company’s 50-day moving average is $37.41 and its two-hundred day moving average is $35.50. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). The firm had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $556.55 million. Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The business’s quarterly revenue was up 92.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 earnings per share. Research analysts expect that Radian Group Inc. will post 4.86 EPS for the current year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 24th. Radian Group’s payout ratio is presently 26.22%.

Insider Activity

In other news, Director Margaret Anne Leyden sold 2,070 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $34.59, for a total transaction of $71,601.30. Following the sale, the director owned 6,864 shares in the company, valued at $237,425.76. This trade represents a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Noel Joseph Spiegel sold 4,834 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $36.19, for a total value of $174,942.46. Following the sale, the director owned 20,008 shares in the company, valued at $724,089.52. This trade represents a 19.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,517 shares of company stock valued at $557,610 over the last quarter. Insiders own 2.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Bank of America upgraded shares of Radian Group from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. Royal Bank Of Canada assumed coverage on shares of Radian Group in a research report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price target on the stock. Keefe, Bruyette & Woods cut their price objective on Radian Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings raised Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen cut Radian Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.17.

Radian Group Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.