Radian Group Inc. (NYSE:RDN) Shares Bought by Comerica Bank

Comerica Bank boosted its stake in shares of Radian Group Inc. (NYSE:RDN – Get Rating) by 105.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,870 shares of the insurance provider’s stock after buying an additional 40,447 shares during the quarter. Comerica Bank’s holdings in Radian Group were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Radian Group by 8.5% in the first quarter. Vanguard Group Inc. now owns 18,357,109 shares of the insurance provider’s stock valued at $407,712,000 after purchasing an additional 1,443,144 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Radian Group by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 4,272,776 shares of the insurance provider’s stock valued at $83,960,000 after purchasing an additional 53,983 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Radian Group by 61.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,994,265 shares of the insurance provider’s stock valued at $88,713,000 after purchasing an additional 1,523,376 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Radian Group by 202.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,295,712 shares of the insurance provider’s stock valued at $64,760,000 after purchasing an additional 2,204,335 shares during the last quarter. Finally, Donald Smith & CO. Inc. grew its position in shares of Radian Group by 6.0% in the second quarter. Donald Smith & CO. Inc. now owns 3,237,907 shares of the insurance provider’s stock valued at $63,625,000 after purchasing an additional 183,299 shares during the last quarter. 94.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Brien Mcmahon sold 32,831 shares of the firm’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $19.50, for a total value of $640,204.50. Following the transaction, the executive vice president now owns 95,308 shares of the company’s stock, valued at approximately $1,858,506. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.42% of the stock is currently owned by insiders.

Radian Group Stock Performance

NYSE:RDN opened at $21.11 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.42. The company has a market cap of $3.31 billion, a P/E ratio of 4.77, a P/E/G ratio of 1.25 and a beta of 1.14. Radian Group Inc. has a fifty-two week low of $17.83 and a fifty-two week high of $24.84. The firm’s 50 day moving average is $19.16 and its two-hundred day moving average is $20.30.

Radian Group (NYSE:RDN – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The insurance provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.46. The company had revenue of $292.30 million for the quarter. Radian Group had a net margin of 63.74% and a return on equity of 22.71%. Analysts expect that Radian Group Inc. will post 4.71 EPS for the current year.

Radian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Monday, November 21st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Friday, November 18th. Radian Group’s dividend payout ratio is currently 18.06%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RDN. StockNews.com lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. BTIG Research downgraded shares of Radian Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 6th. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $27.00 to $25.00 in a research note on Sunday, October 16th. Bank of America raised shares of Radian Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Thursday, December 15th. Finally, Compass Point downgraded shares of Radian Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $28.00 to $22.50 in a research note on Tuesday, November 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Radian Group presently has an average rating of “Hold” and a consensus price target of $23.67.

About Radian Group

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Radian Group, Inc is a holding company, which engages in the provision of mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage and Real Estate segments. The Mortgage segment offers credit-related insurance coverage, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.