Schwab Charles Investment Management Inc. Acquires 189,745 Shares of Radian Group Inc (RDN)

Schwab Charles Investment Management Inc. grew its holdings in Radian Group Inc (NYSE:RDN) by 16.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,323,506 shares of the insurance provider’s stock after acquiring an additional 189,745 shares during the period. Schwab Charles Investment Management Inc. owned about 0.61% of Radian Group worth $24,737,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RDN. Amalgamated Bank boosted its holdings in Radian Group by 1.4% during the second quarter. Amalgamated Bank now owns 27,445 shares of the insurance provider’s stock worth $449,000 after buying an additional 376 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Radian Group by 2.9% during the second quarter. Teacher Retirement System of Texas now owns 17,291 shares of the insurance provider’s stock worth $283,000 after buying an additional 485 shares in the last quarter. OxFORD Asset Management LLP boosted its holdings in Radian Group by 3.6% during the second quarter. OxFORD Asset Management LLP now owns 15,824 shares of the insurance provider’s stock worth $259,000 after buying an additional 555 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Radian Group by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 166,041 shares of the insurance provider’s stock worth $2,715,000 after buying an additional 766 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Radian Group by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock worth $127,000 after buying an additional 803 shares in the last quarter. 91.56% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Inc (NYSE RDN) traded down $0.57 on Friday, reaching $21.45. 1,307,500 shares of the company’s stock traded hands, compared to its average volume of 1,659,314. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $4,746.75, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 2.50 and a beta of 1.54. Radian Group Inc has a fifty-two week low of $15.58 and a fifty-two week high of $22.66.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The business had revenue of $312.05 million for the quarter, compared to the consensus estimate of $321.10 million. Radian Group had a net margin of 14.88% and a return on equity of 12.99%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. sell-side analysts expect that Radian Group Inc will post 1.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Monday, November 27th were issued a dividend of $0.002 per share. This represents a $0.01 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Friday, November 24th. Radian Group’s payout ratio is 1.28%.

A number of analysts recently issued reports on RDN shares. Wells Fargo & Company started coverage on shares of Radian Group in a report on Tuesday, November 28th. They set a “market perform” rating and a $22.00 price target on the stock. Zacks Investment Research raised shares of Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, October 10th. ValuEngine raised shares of Radian Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th. Deutsche Bank downgraded shares of Radian Group from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a report on Friday, November 3rd. Finally, B. Riley reissued a “buy” rating on shares of Radian Group in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Radian Group presently has an average rating of “Buy” and an average target price of $22.53.

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Radian Group Company Profile

Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.

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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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