Swiss National Bank Purchases 1,900 Shares of Radian Group Inc. (NYSE:RDN)

Swiss National Bank increased its position in shares of Radian Group Inc. (NYSE:RDN) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 295,850 shares of the insurance provider’s stock after buying an additional 1,900 shares during the period. Swiss National Bank owned 0.20% of Radian Group worth $9,384,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. HighTower Advisors LLC raised its stake in Radian Group by 11.4% during the fourth quarter. HighTower Advisors LLC now owns 8,824 shares of the insurance provider’s stock worth $280,000 after buying an additional 900 shares during the last quarter. River Road Asset Management LLC increased its stake in Radian Group by 0.3% in the fourth quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider’s stock valued at $52,160,000 after purchasing an additional 5,524 shares in the last quarter. Miller Financial Services LLC bought a new stake in Radian Group in the fourth quarter valued at $465,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Radian Group by 24.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,293 shares of the insurance provider’s stock valued at $1,246,000 after purchasing an additional 7,823 shares in the last quarter. Finally, Amundi increased its stake in Radian Group by 186.5% in the fourth quarter. Amundi now owns 77,075 shares of the insurance provider’s stock valued at $2,439,000 after purchasing an additional 50,171 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling

In related news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on RDN shares. UBS Group lifted their price target on shares of Radian Group from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.80.

Radian Group Stock Down 0.1 %

Shares of NYSE RDN opened at $31.97 on Friday. The stock has a market capitalization of $4.64 billion, a P/E ratio of 8.13, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a 50-day moving average price of $32.65 and a 200-day moving average price of $33.53. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86. 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 issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, equities research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a dividend of $0.255 per share. The ex-dividend date was Monday, February 24th. This is a boost from Radian Group’s previous quarterly dividend of $0.25. This represents a $1.02 annualized dividend and a yield of 3.19%. Radian Group’s payout ratio is 25.95%.

Radian Group Company 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.