First Trust Advisors LP Purchases 238,454 Shares of Radian Group Inc. (NYSE:RDN)

First Trust Advisors LP grew its position in shares of Radian Group Inc. (NYSE:RDN – Get Rating) by 22.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,313,601 shares of the insurance provider’s stock after acquiring an additional 238,454 shares during the quarter. First Trust Advisors LP owned about 0.84% of Radian Group worth $25,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its position in shares of Radian Group by 0.3% during the second quarter. UBS Asset Management Americas Inc. now owns 232,696 shares of the insurance provider’s stock valued at $4,572,000 after buying an additional 598 shares during the last quarter. Credit Suisse AG boosted its position in shares of Radian Group by 0.3% during the third quarter. Credit Suisse AG now owns 200,374 shares of the insurance provider’s stock valued at $3,865,000 after buying an additional 679 shares during the last quarter. Brinker Capital Investments LLC boosted its position in shares of Radian Group by 3.5% during the fourth quarter. Brinker Capital Investments LLC now owns 25,914 shares of the insurance provider’s stock valued at $494,000 after buying an additional 883 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Radian Group by 4.1% during the third quarter. Los Angeles Capital Management LLC now owns 22,642 shares of the insurance provider’s stock valued at $437,000 after buying an additional 890 shares during the last quarter. Finally, Nicollet Investment Management Inc. boosted its position in shares of Radian Group by 3.4% during the third quarter. Nicollet Investment Management Inc. now owns 29,247 shares of the insurance provider’s stock valued at $564,000 after buying an additional 967 shares during the last quarter. Institutional investors own 94.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RDN shares. Royal Bank of Canada lifted their target price on Radian Group from $22.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, February 10th. StockNews.com initiated coverage on Radian Group in a research report on Thursday. They issued a “hold” rating on the stock. Compass Point raised Radian Group from a “neutral” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, April 11th. Bank of America cut Radian Group from a “buy” rating to an “underperform” rating in a research report on Tuesday, May 9th. Finally, Roth Capital reissued a “buy” rating on shares of Radian Group in a research report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Radian Group currently has a consensus rating of “Hold” and a consensus target price of $24.64.

Radian Group Stock Down 0.5 %

Shares of NYSE RDN opened at $25.75 on Friday. Radian Group Inc. has a one year low of $17.83 and a one year high of $26.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.10 and a quick ratio of 1.10. The business’s fifty day moving average price is $22.99 and its 200-day moving average price is $21.26. The stock has a market capitalization of $4.03 billion, a PE ratio of 5.93, a P/E/G ratio of 1.58 and a beta of 1.15.

Radian Group (NYSE:RDN – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.23. Radian Group had a return on equity of 19.90% and a net margin of 59.55%. The firm had revenue of $310.62 million for the quarter, compared to analysts’ expectations of $313.37 million. During the same quarter in the prior year, the firm earned $1.17 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Radian Group Inc. will post 3.28 EPS for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Tuesday, May 30th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, May 26th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.50%. Radian Group’s payout ratio is 20.74%.

Insider Activity at Radian Group

In related news, insider Derek Brummer sold 25,000 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $21.75, for a total transaction of $543,750.00. Following the sale, the insider now directly owns 183,990 shares in the company, valued at approximately $4,001,782.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Radian Group news, EVP Edward J. Hoffman sold 9,990 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $21.61, for a total value of $215,883.90. Following the transaction, the executive vice president now directly owns 118,534 shares in the company, valued at approximately $2,561,519.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Derek Brummer sold 25,000 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $21.75, for a total value of $543,750.00. Following the completion of the transaction, the insider now owns 183,990 shares in the company, valued at $4,001,782.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,595 shares of company stock worth $2,077,889. 1.58% of the stock is owned by company insiders.

About Radian Group

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Radian Group, Inc is a holding company, which engages in the provision of mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage and Real Estate segments. The Mortgage segment offers credit-related insurance coverage, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.