California Public Employees Retirement System Increases Stake in Radian Group Inc. $RDN

California Public Employees Retirement System grew its stake in shares of Radian Group Inc. (NYSE:RDN) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,745 shares of the insurance provider’s stock after buying an additional 14,239 shares during the period. California Public Employees Retirement System owned 0.21% of Radian Group worth $9,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV boosted its position in shares of Radian Group by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,365 shares of the insurance provider’s stock worth $1,208,000 after purchasing an additional 288 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Radian Group by 26.9% during the 4th quarter. Hantz Financial Services Inc. now owns 1,553 shares of the insurance provider’s stock worth $56,000 after buying an additional 329 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Radian Group by 14.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $97,000 after buying an additional 344 shares in the last quarter. HighTower Advisors LLC increased its position in Radian Group by 6.1% during the 4th quarter. HighTower Advisors LLC now owns 6,060 shares of the insurance provider’s stock valued at $218,000 after buying an additional 349 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Radian Group by 14.8% in the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after buying an additional 357 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

RDN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price target on Radian Group from $43.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Wall Street Zen lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Radian Group in a research note on Tuesday, June 16th. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $43.00 in a research report on Wednesday, April 29th. Finally, Zacks Research lowered shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Radian Group presently has an average rating of “Moderate Buy” and an average target price of $43.17.

Insider Buying and Selling

In other Radian Group news, CEO Michael S. Weinbach purchased 120,487 shares of Radian Group stock in a transaction on Monday, June 1st. The stock was bought at an average cost of $33.89 per share, with a total value of $4,083,304.43. Following the transaction, the chief executive officer owned 120,487 shares of the company’s stock, valued at $4,083,304.43. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Howard Bernard Culang sold 5,000 shares of Radian Group stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.20, for a total transaction of $181,000.00. Following the sale, the chairman owned 11,662 shares of the company’s stock, valued at approximately $422,164.40. The trade was a 30.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,516 shares of company stock worth $1,682,576 in the last quarter. 2.03% of the stock is currently owned by corporate insiders.

Radian Group Stock Up 1.2%

Radian Group stock opened at $38.63 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. The business’s 50-day simple moving average is $36.42 and its two-hundred day simple moving average is $34.96. The company has a market cap of $5.14 billion, a PE ratio of 9.51, a PEG ratio of 0.97 and a beta of 0.72. Radian Group Inc. has a fifty-two week low of $31.50 and a fifty-two week high of $41.05.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.The firm had revenue of $466.34 million during the quarter, compared to analysts’ expectations of $377.83 million. During the same period last year, the business posted $0.99 earnings per share. The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. Equities analysts anticipate that Radian Group Inc. will post 5.17 EPS for the current year.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, June 2nd. Radian Group’s dividend payout ratio is 25.12%.

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.