Radian Group Inc. (NYSE:RDN) Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its stake in shares of Radian Group Inc. (NYSE:RDN) by 20.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,766,237 shares of the insurance provider’s stock after purchasing an additional 1,836,020 shares during the period. First Trust Advisors LP owned 7.23% of Radian Group worth $341,505,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Radian Group by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock valued at $193,307,000 after buying an additional 248,423 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Radian Group by 7.9% during the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock valued at $106,305,000 after acquiring an additional 245,303 shares during the last quarter. Norges Bank purchased a new position in shares of Radian Group in the fourth quarter valued at approximately $73,693,000. River Road Asset Management LLC boosted its stake 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 acquiring an additional 5,524 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Radian Group by 19.2% during the fourth quarter. Invesco Ltd. now owns 1,326,010 shares of the insurance provider’s stock worth $42,061,000 after purchasing an additional 214,036 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Ratings Changes

RDN has been the topic of a number of research reports. UBS Group raised their price objective on Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $40.00 to $37.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Radian Group currently has a consensus rating of “Hold” and a consensus target price of $36.20.

Insider Buying and Selling

In other Radian Group news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.16% of the stock is currently owned by company insiders.

Radian Group Stock Performance

Shares of Radian Group stock opened at $31.64 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The business’s 50 day moving average price is $32.20 and its 200 day moving average price is $33.15. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a one year low of $29.28 and a one year high of $37.86.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. On average, research analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.22%. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 24th. Radian Group’s payout ratio is presently 25.95%.

About Radian Group

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.