American Century Companies Inc. Purchases 245,303 Shares of Radian Group Inc. (NYSE:RDN)

American Century Companies Inc. grew its position in Radian Group Inc. (NYSE:RDN) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,351,361 shares of the insurance provider’s stock after buying an additional 245,303 shares during the quarter. American Century Companies Inc.’s holdings in Radian Group were worth $106,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management raised its position in Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 342 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Radian Group by 61.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after buying an additional 485 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Radian Group by 124.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after buying an additional 1,320 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Radian Group by 735.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock valued at $76,000 after buying an additional 2,119 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Radian Group by 21.1% in the fourth quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock valued at $105,000 after buying an additional 528 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Activity at Radian Group

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the company’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 owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RDN has been the subject of a number of research reports. UBS Group increased their target price on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their price objective 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 given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.80.

Radian Group Price Performance

Radian Group stock opened at $31.97 on Monday. The company has a market capitalization of $4.64 billion, a PE ratio of 8.13, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $32.65 and a two-hundred day moving average price of $33.50. Radian Group Inc. has a 12 month low of $29.17 and a 12 month high of $37.86.

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%. Analysts expect that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

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

About Radian Group

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.