HighTower Advisors LLC Boosts Stake in Radian Group Inc. (NYSE:RDN)

HighTower Advisors LLC boosted its position in Radian Group Inc. (NYSE:RDN) by 11.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,824 shares of the insurance provider’s stock after purchasing an additional 900 shares during the period. HighTower Advisors LLC’s holdings in Radian Group were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. State Street Corp lifted its stake in shares of Radian Group by 2.7% during the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock worth $232,433,000 after acquiring an additional 177,142 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Radian Group by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock worth $193,307,000 after purchasing an additional 248,423 shares during the last quarter. FMR LLC boosted its stake in shares of Radian Group by 0.4% during the third 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. River Road Asset Management LLC grew its holdings in shares of Radian Group by 0.3% in the fourth quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider’s stock worth $52,160,000 after purchasing an additional 5,524 shares during the last quarter. Finally, Vest Financial LLC increased its stake in Radian Group by 35.4% in the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock worth $34,640,000 after buying an additional 285,481 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RDN. Keefe, Bruyette & Woods reduced their price target on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. UBS Group upped their target price on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.80.

Radian Group Stock Up 1.1 %

Shares of Radian Group stock opened at $34.21 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.96 billion, a P/E ratio of 8.70, a PEG ratio of 1.73 and a beta of 1.04. The firm’s 50 day moving average price is $32.74 and its 200-day moving average price is $33.42. Radian Group Inc. has a 52-week low of $29.17 and a 52-week high of $37.86.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, sell-side analysts predict that Radian Group Inc. will post 3.79 EPS 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. The ex-dividend date was Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 2.98%. Radian Group’s dividend payout ratio (DPR) is 25.95%.

Insiders Place Their Bets

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at approximately $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.16% of the company’s stock.

Radian Group Company 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.