Advisors Asset Management Inc. Increases Stock Position in Radian Group Inc. (NYSE:RDN)

Advisors Asset Management Inc. lifted its holdings in shares of Radian Group Inc. (NYSE:RDNGet Rating) by 127.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,146 shares of the insurance provider’s stock after buying an additional 11,866 shares during the quarter. Advisors Asset Management Inc.’s holdings in Radian Group were worth $416,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp purchased a new stake in shares of Radian Group during the 2nd quarter valued at approximately $86,000. Nisa Investment Advisors LLC increased its holdings in Radian Group by 43.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,890 shares of the insurance provider’s stock worth $135,000 after acquiring an additional 2,090 shares during the period. Covestor Ltd increased its holdings in Radian Group by 85.3% during the 1st quarter. Covestor Ltd now owns 7,357 shares of the insurance provider’s stock worth $163,000 after acquiring an additional 3,386 shares during the period. Xponance Inc. increased its holdings in Radian Group by 9.1% during the 2nd quarter. Xponance Inc. now owns 10,088 shares of the insurance provider’s stock worth $198,000 after acquiring an additional 841 shares during the period. Finally, Sciencast Management LP bought a new stake in Radian Group during the 2nd quarter worth approximately $201,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Price Performance

Shares of NYSE:RDN opened at $19.12 on Friday. The company’s fifty day moving average price is $20.01 and its 200-day moving average price is $20.72. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 4.32, a PEG ratio of 0.81 and a beta of 1.19. Radian Group Inc. has a one year low of $17.97 and a one year high of $24.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.08 and a quick ratio of 1.08.

Radian Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Monday, November 21st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, November 18th. Radian Group’s dividend payout ratio is currently 18.06%.

Wall Street Analysts Forecast Growth

RDN has been the topic of a number of analyst reports. Compass Point lowered shares of Radian Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $28.00 to $22.50 in a report on Tuesday, November 8th. Barclays decreased their target price on shares of Radian Group from $35.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 13th. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $27.00 to $25.00 in a report on Sunday, October 16th. Credit Suisse Group decreased their target price on shares of Radian Group to $23.50 in a report on Thursday, October 13th. Finally, StockNews.com lowered shares of Radian Group from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Radian Group presently has an average rating of “Moderate Buy” and an average price target of $24.17.

About Radian Group

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Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting, and fulfillment solutions.

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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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