Swiss National Bank Has $9.54 Million Holdings in Radian Group Inc. (NYSE:RDN)

Swiss National Bank cut its holdings in Radian Group Inc. (NYSE:RDN) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 288,550 shares of the insurance provider’s stock after selling 7,300 shares during the quarter. Swiss National Bank’s holdings in Radian Group were worth $9,542,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. First Trust Advisors LP boosted its stake in Radian Group by 20.6% in the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider’s stock valued at $341,505,000 after buying an additional 1,836,020 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Radian Group by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,340,962 shares of the insurance provider’s stock valued at $209,696,000 after purchasing an additional 246,799 shares in the last quarter. Capital World Investors boosted its stake in shares of Radian Group by 19.5% during the fourth quarter. Capital World Investors now owns 1,208,457 shares of the insurance provider’s stock valued at $38,332,000 after purchasing an additional 197,147 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Radian Group by 109.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 901,260 shares of the insurance provider’s stock valued at $28,588,000 after purchasing an additional 470,158 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Radian Group by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 869,869 shares of the insurance provider’s stock valued at $27,592,000 after purchasing an additional 9,723 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on RDN. Barclays lifted their price target on Radian Group from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods lowered Radian Group from a “moderate buy” rating to a “hold” rating and set a $38.00 price target on the stock. in a research note on Monday, July 7th. UBS Group reissued a “neutral” rating and set a $38.00 price target (up from $36.00) on shares of Radian Group in a research note on Monday, July 14th. Finally, Compass Point lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd.

Radian Group Price Performance

Shares of RDN opened at $34.52 on Friday. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $36.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 8.70 and a beta of 0.74. The business has a 50-day moving average of $34.53 and a 200-day moving average of $33.35.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. Radian Group had a return on equity of 13.25% and a net margin of 45.62%. The company had revenue of $318.00 million during the quarter, compared to the consensus estimate of $321.97 million. During the same period last year, the company earned $0.98 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Radian Group Inc. will post 3.79 earnings per share for the current year.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, August 25th. Radian Group’s dividend payout ratio (DPR) is 25.69%.

Radian Group announced that its Board of Directors has authorized a share buyback program on Wednesday, May 21st that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the insurance provider to repurchase up to 16.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity at Radian Group

In other Radian Group news, Director Lisa Mumford sold 2,500 shares of Radian Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $33.45, for a total value of $83,625.00. Following the completion of the sale, the director directly owned 22,329 shares in the company, valued at approximately $746,905.05. The trade was a 10.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eric Ray sold 30,000 shares of Radian Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $33.30, for a total value of $999,000.00. Following the completion of the sale, the executive vice president owned 13,957 shares of the company’s stock, valued at approximately $464,768.10. The trade was a 68.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,378 shares of company stock valued at $2,944,414 over the last ninety days. Insiders own 2.01% of the company’s stock.

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.