Dimensional Fund Advisors LP Boosts Holdings in Radian Group Inc. $RDN

Dimensional Fund Advisors LP boosted its holdings in shares of Radian Group Inc. (NYSE:RDN) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,443,201 shares of the insurance provider’s stock after acquiring an additional 177,144 shares during the period. Dimensional Fund Advisors LP owned about 4.02% of Radian Group worth $197,155,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in shares of Radian Group by 14.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 357 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after buying an additional 572 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Radian Group during the 2nd quarter valued at $3,510,000. Campbell & CO Investment Adviser LLC grew its holdings in Radian Group by 43.4% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 16,475 shares of the insurance provider’s stock valued at $593,000 after buying an additional 4,989 shares during the last quarter. Finally, Allworth Financial LP increased its position in Radian Group by 1,049.7% during the second quarter. Allworth Financial LP now owns 1,897 shares of the insurance provider’s stock worth $68,000 after buying an additional 1,732 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Roth Mkm reissued a “buy” rating and issued a $45.00 price target on shares of Radian Group in a report on Friday, January 2nd. 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 research report on Wednesday, February 11th. Barclays set a $40.00 price objective on Radian Group in a research report on Monday, February 23rd. Weiss Ratings lowered shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. Finally, Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.80.

Radian Group Trading Down 0.8%

NYSE RDN opened at $33.93 on Monday. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $38.84. The company has a 50-day moving average of $33.98 and a 200-day moving average of $34.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.40 and a quick ratio of 3.40. The company has a market cap of $4.62 billion, a P/E ratio of 8.18, a P/E/G ratio of 1.83 and a beta of 0.80.

Radian Group (NYSE:RDN) last released 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. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The business had revenue of $300.51 million for the quarter, compared to analysts’ expectations of $300.45 million. During the same period last year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. Radian Group’s dividend payout ratio (DPR) is currently 24.58%.

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.