NFJ Investment Group LLC Purchases Shares of 155,984 Radian Group Inc. $RDN

NFJ Investment Group LLC acquired a new stake in shares of Radian Group Inc. (NYSE:RDN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 155,984 shares of the insurance provider’s stock, valued at approximately $5,876,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RDN. Northwestern Mutual Wealth Management Co. raised its position in shares of Radian Group by 178.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock worth $27,000 after buying an additional 476 shares during the period. Geneos Wealth Management Inc. grew its position in Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 572 shares during the period. Fifth Third Bancorp increased its stake in Radian Group by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 360 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Radian Group during the third quarter worth about $34,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Radian Group in the 2nd quarter worth about $37,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Trading Up 0.8%

Shares of RDN opened at $36.64 on Friday. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $41.05. The stock’s 50-day moving average is $37.41 and its two-hundred day moving average is $35.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $4.85 billion, a PE ratio of 9.42, a P/E/G ratio of 0.88 and a beta of 0.72.

Radian Group (NYSE:RDN) last posted its earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). The company had revenue of $574.96 million during the quarter, compared to analyst estimates of $556.55 million. Radian Group had a net margin of 32.60% and a return on equity of 13.65%. Radian Group’s quarterly revenue was up 92.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS. Equities analysts forecast that Radian Group Inc. will post 4.86 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.02 annualized dividend and a yield of 2.8%. Radian Group’s dividend payout ratio (DPR) is 26.22%.

Analyst Ratings Changes

Several research firms have recently weighed in on RDN. Barclays reduced their price objective on Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. Keefe, Bruyette & Woods cut their price target on shares of Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Wall Street Zen cut shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Bank of America upgraded shares of Radian Group from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $43.00 in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada began coverage on shares of Radian Group in a research report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.17.

Insider Activity

In other news, Director Margaret Anne Leyden sold 2,070 shares of Radian Group stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $34.59, for a total transaction of $71,601.30. Following the sale, the director owned 6,864 shares in the company, valued at $237,425.76. This trade represents a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael S. Weinbach bought 49,513 shares of Radian Group stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of $34.04 per share, for a total transaction of $1,685,422.52. Following the completion of the transaction, the chief executive officer owned 170,000 shares of the company’s stock, valued at approximately $5,786,800. This represents a 41.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 15,517 shares of company stock worth $557,610 over the last three months. Insiders own 2.03% of the company’s stock.

Radian Group 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.