Bank of America Corp DE Grows Position in Radian Group Inc. (NYSE:RDN)

Bank of America Corp DE raised its position in shares of Radian Group Inc. (NYSE:RDN) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 678,628 shares of the insurance provider’s stock after acquiring an additional 54,144 shares during the period. Bank of America Corp DE owned approximately 0.46% of Radian Group worth $21,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Radian Group by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 722,402 shares of the insurance provider’s stock valued at $22,915,000 after purchasing an additional 13,202 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Radian Group by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 510,873 shares of the insurance provider’s stock valued at $16,205,000 after buying an additional 25,500 shares in the last quarter. EMC Capital Management lifted its holdings in shares of Radian Group by 300.8% in the 4th quarter. EMC Capital Management now owns 18,401 shares of the insurance provider’s stock valued at $584,000 after acquiring an additional 13,810 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Radian Group in the fourth quarter worth about $4,872,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Radian Group by 37.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 68,829 shares of the insurance provider’s stock worth $2,183,000 after acquiring an additional 18,829 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Stock Down 1.3%

Shares of NYSE RDN opened at $34.38 on Tuesday. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $37.86. The firm has a 50-day simple moving average of $32.47 and a two-hundred day simple moving average of $32.89. The company has a market cap of $4.62 billion, a P/E ratio of 8.75, a PEG ratio of 1.73 and a beta of 0.71. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. The company had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. Research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $38.00 price objective (up from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. UBS Group increased their price target on Radian Group from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Radian Group presently has an average rating of “Hold” and an average target price of $36.80.

Insider Transactions at Radian Group

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 transaction of $133,865.00. Following the completion of the sale, the director now directly owns 344 shares of the company’s stock, valued at $11,231.60. The trade was a 92.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.01% of the company’s stock.

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.