Envestnet Portfolio Solutions Inc. Has $311,000 Position in Radian Group Inc. (NYSE:RDN)

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,986 shares of the insurance provider’s stock after buying an additional 668 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Radian Group were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in shares of Radian Group by 923.0% during the fourth quarter. International Assets Investment Management LLC now owns 5,258 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 4,744 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Radian Group by 18.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,363 shares of the insurance provider’s stock worth $953,000 after buying an additional 5,120 shares during the period. California Public Employees Retirement System lifted its holdings in Radian Group by 2.4% during the 4th quarter. California Public Employees Retirement System now owns 334,765 shares of the insurance provider’s stock worth $9,558,000 after buying an additional 7,725 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Radian Group by 3.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 94,207 shares of the insurance provider’s stock valued at $2,690,000 after buying an additional 2,797 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Radian Group during the fourth quarter worth about $101,000. 95.33% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Sumita Pandit sold 3,817 shares of Radian Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.23, for a total value of $130,655.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on RDN. Roth Mkm upped their target price on Radian Group from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 2nd. UBS Group upped their price objective on shares of Radian Group from $30.00 to $31.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Keefe, Bruyette & Woods lifted their target price on shares of Radian Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Royal Bank of Canada upped their price target on shares of Radian Group from $32.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Finally, Barclays lifted their price objective on Radian Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $35.90.

Radian Group Stock Up 0.0 %

Shares of NYSE RDN opened at $35.09 on Friday. Radian Group Inc. has a 12-month low of $24.56 and a 12-month high of $37.86. The company has a quick ratio of 1.80, a current ratio of 0.41 and a debt-to-equity ratio of 0.45. The firm has a market cap of $5.28 billion, a PE ratio of 9.28, a P/E/G ratio of 1.98 and a beta of 1.05. The company’s fifty day simple moving average is $33.37 and its 200 day simple moving average is $31.45.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. Radian Group had a net margin of 47.05% and a return on equity of 14.43%. The company had revenue of $312.37 million for the quarter, compared to analysts’ expectations of $324.00 million. As a group, sell-side analysts forecast that Radian Group Inc. will post 3.61 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th will be paid a $0.245 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $0.98 dividend on an annualized basis and a yield of 2.79%. Radian Group’s dividend payout ratio (DPR) is presently 25.93%.

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.