American Century Companies Inc. Has $106.31 Million Stock Holdings in Radian Group Inc. (NYSE:RDN)

American Century Companies Inc. lifted its stake in Radian Group Inc. (NYSE:RDN) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,351,361 shares of the insurance provider’s stock after acquiring an additional 245,303 shares during the quarter. American Century Companies Inc. owned approximately 2.25% of Radian Group worth $106,305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RDN. Quantbot Technologies LP acquired a new position in shares of Radian Group during the 4th quarter worth approximately $127,000. Magnetar Financial LLC bought a new position in shares of Radian Group in the fourth quarter valued at $248,000. Teacher Retirement System of Texas grew its stake in shares of Radian Group by 17.7% in the fourth quarter. Teacher Retirement System of Texas now owns 33,962 shares of the insurance provider’s stock valued at $1,077,000 after buying an additional 5,109 shares in the last quarter. Xponance Inc. increased its holdings in Radian Group by 9.0% during the fourth quarter. Xponance Inc. now owns 10,841 shares of the insurance provider’s stock worth $344,000 after buying an additional 892 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in Radian Group during the fourth quarter worth $450,000. Institutional investors own 95.33% of the company’s stock.

Radian Group Stock Performance

NYSE RDN opened at $31.97 on Monday. The stock has a market cap 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 debt-to-equity ratio of 0.50, a quick ratio of 2.01 and a current ratio of 2.87. The firm has a 50-day moving average of $32.65 and a 200-day moving average of $33.50. Radian Group Inc. has a 52-week low of $29.17 and a 52-week 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, topping the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, sell-side analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

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

Analyst Ratings Changes

RDN has been the topic of several recent analyst reports. UBS Group boosted 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. Keefe, Bruyette & Woods lowered their price target on Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $36.80.

Insiders Place Their Bets

In other Radian Group news, Director Gregory Serio sold 4,100 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the transaction, the director now owns 344 shares in the company, valued at $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.16% of the company’s stock.

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.