Invesco Ltd. Acquires 214,036 Shares of Radian Group Inc. (NYSE:RDN)

Invesco Ltd. grew its holdings in Radian Group Inc. (NYSE:RDN) by 19.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,326,010 shares of the insurance provider’s stock after acquiring an additional 214,036 shares during the period. Invesco Ltd. owned 0.89% of Radian Group worth $42,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Radian Group by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock worth $193,307,000 after purchasing an additional 248,423 shares during the period. American Century Companies Inc. increased its position in Radian Group by 7.9% in the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock worth $106,305,000 after buying an additional 245,303 shares in the last quarter. Norges Bank purchased a new stake in Radian Group in the fourth quarter worth about $73,693,000. River Road Asset Management LLC raised its stake in shares of 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 worth $52,160,000 after buying an additional 5,524 shares during the period. Finally, Vest Financial LLC lifted its position in shares of Radian Group by 35.4% during the 4th quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider’s stock valued at $34,640,000 after buying an additional 285,481 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

NYSE:RDN opened at $31.44 on Thursday. The stock has a 50-day moving average price of $32.22 and a 200 day moving average price of $33.17. The stock has a market capitalization of $4.44 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.73 and a beta of 0.75. Radian Group Inc. has a 12-month low of $29.17 and a 12-month high of $37.86. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50.

Radian Group (NYSE:RDN) last announced 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%. Equities research analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid a $0.255 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.02 annualized dividend and a yield of 3.24%. This is a boost from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s payout ratio is presently 25.95%.

Insider Buying and Selling at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

RDN has been the subject of several analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of Radian Group from $40.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. UBS Group increased their price objective on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.20.

Radian Group 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.