Radian Group Inc. $RDN Shares Bought by South Dakota Investment Council

South Dakota Investment Council raised its stake in Radian Group Inc. (NYSE:RDN) by 28.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,629 shares of the insurance provider’s stock after buying an additional 50,026 shares during the period. South Dakota Investment Council’s holdings in Radian Group were worth $7,497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Radian Group by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,959,463 shares of the insurance provider’s stock worth $214,481,000 after acquiring an additional 63,437 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Radian Group by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,948,335 shares of the insurance provider’s stock worth $196,773,000 after purchasing an additional 230,912 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in Radian Group by 43.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,012,255 shares of the insurance provider’s stock worth $108,411,000 after purchasing an additional 916,003 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Radian Group by 16.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,188,624 shares of the insurance provider’s stock worth $78,769,000 after purchasing an additional 315,575 shares in the last quarter. Finally, Norges Bank acquired a new stake in Radian Group in the fourth quarter valued at $77,364,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Radian Group

In other news, CEO Michael S. Weinbach purchased 120,487 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $33.89 per share, with a total value of $4,083,304.43. Following the purchase, the chief executive officer directly owned 120,487 shares of the company’s stock, valued at approximately $4,083,304.43. This trade represents a ∞ increase 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. Also, Chairman Howard Bernard Culang sold 5,000 shares of Radian Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $36.20, for a total transaction of $181,000.00. Following the sale, the chairman owned 11,662 shares of the company’s stock, valued at approximately $422,164.40. This trade represents a 30.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,516 shares of company stock worth $1,127,576 in the last ninety days. Company insiders own 2.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bank of America upgraded Radian Group from an “underperform” rating to a “buy” rating and raised their price target for the company from $35.00 to $43.00 in a research report on Wednesday, April 29th. Royal Bank Of Canada initiated coverage on shares of Radian Group in a research note on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective on the stock. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods lifted their target price on shares of Radian Group from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, Wall Street Zen downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.17.

Radian Group Stock Performance

Radian Group stock opened at $38.86 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a fifty day moving average of $36.56 and a two-hundred day moving average of $35.05. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 1.00 and a beta of 0.72. Radian Group Inc. has a fifty-two week low of $31.50 and a fifty-two week high of $41.05.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The company had revenue of $466.34 million during the quarter, compared to analysts’ expectations of $377.83 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. On average, analysts anticipate that Radian Group Inc. will post 5.17 EPS for the current fiscal year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd were paid a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $1.02 annualized dividend and a yield of 2.6%. Radian Group’s payout ratio is presently 25.12%.

Radian Group Company 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.