MML Investors Services LLC Has $295,000 Stake in Radian Group Inc. (NYSE:RDN)

MML Investors Services LLC grew its holdings in Radian Group Inc. (NYSE:RDN) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,494 shares of the insurance provider’s stock after purchasing an additional 364 shares during the quarter. MML Investors Services LLC’s holdings in Radian Group were worth $295,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RDN. State Street Corp boosted its stake in Radian Group by 2.7% during the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after purchasing an additional 177,142 shares during the period. Charles Schwab Investment Management Inc. increased its position in Radian Group by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock worth $202,789,000 after acquiring an additional 121,166 shares during the period. Dimensional Fund Advisors LP raised its stake in Radian Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock valued at $172,365,000 after purchasing an additional 89,363 shares during the last quarter. FMR LLC boosted its holdings in Radian Group by 0.4% in the 3rd quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock valued at $124,476,000 after purchasing an additional 12,834 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Radian Group by 0.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock valued at $97,437,000 after purchasing an additional 25,862 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Radian Group

In related news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the transaction, the insider now directly owns 171,830 shares of the company’s stock, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.16% of the company’s stock.

Radian Group Trading Up 0.3 %

Shares of Radian Group stock opened at $31.93 on Thursday. Radian Group Inc. has a 52-week low of $26.11 and a 52-week high of $37.86. The firm has a market capitalization of $4.76 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The company’s fifty day moving average price is $34.09 and its two-hundred day moving average price is $33.98.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. The business had revenue of $319.05 million for the quarter, compared to analysts’ expectations of $320.30 million. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. On average, analysts expect that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 3.07%. The ex-dividend date was Monday, November 25th. Radian Group’s dividend payout ratio is 25.39%.

Analysts Set New Price Targets

Separately, Barclays upped their price objective on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.10.

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.