American Century Companies Inc. Grows Stock Holdings in Radian Group Inc. $RDN

American Century Companies Inc. raised its holdings in shares of Radian Group Inc. (NYSE:RDN) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,019,483 shares of the insurance provider’s stock after acquiring an additional 171,049 shares during the period. American Century Companies Inc. owned about 2.97% of Radian Group worth $145,586,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Financial Consulate Inc. purchased a new stake in Radian Group during the 3rd quarter valued at $29,000. Bessemer Group Inc. boosted its holdings in shares of Radian Group by 66.7% during the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock valued at $29,000 after buying an additional 318 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 572 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Radian Group in the 3rd quarter worth approximately $33,000. Finally, Hantz Financial Services Inc. raised its position in shares of Radian Group by 178.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,224 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 784 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Radian Group Stock Performance

Radian Group stock opened at $34.47 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.40 and a current ratio of 3.40. The company has a 50 day moving average price of $34.20 and a 200-day moving average price of $34.69. The company has a market capitalization of $4.70 billion, a PE ratio of 8.31, a P/E/G ratio of 1.86 and a beta of 0.79. Radian Group Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $38.84.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, February 18th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.05. The company had revenue of $300.51 million for the quarter, compared to analysts’ expectations of $300.45 million. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS. As a group, equities analysts forecast that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 23rd will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, February 23rd. Radian Group’s payout ratio is 24.58%.

Insider Buying and Selling

In other Radian Group news, EVP Eric Ray sold 13,957 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total value of $496,869.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on RDN shares. Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $42.00 in a report on Wednesday, February 11th. Roth Mkm restated a “buy” rating and set a $45.00 price target on shares of Radian Group in a research note on Friday, January 2nd. Barclays set a $40.00 price objective on Radian Group in a research note on Monday, February 23rd. Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Finally, Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.80.

Radian Group Company Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.