BlackRock Amends Radian Group Stake as of Dec 31, 2023
Ticker: RDN · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 890926
| Field | Detail |
|---|---|
| Company | Radian Group Inc (RDN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment
TL;DR
**BlackRock updated its Radian Group stake, watch for market reaction.**
AI Summary
BlackRock Inc. has filed an Amendment No. 7 to its Schedule 13G, indicating a change in its ownership stake in Radian Group Inc. as of December 31, 2023. This filing, made on January 24, 2024, updates BlackRock's passive investment position in Radian Group's Common Stock. Investors should note this as BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding Radian Group Inc.
Why It Matters
This filing shows BlackRock's updated passive investment in Radian Group, which can influence market perception and potentially the stock's trading volume.
Risk Assessment
Risk Level: low — This is a routine update from a passive investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should monitor future 13G/A filings from BlackRock for any significant changes in their ownership percentage, as a substantial increase or decrease could signal a shift in their long-term outlook on Radian Group Inc.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Radian Group Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the date the filing was made
- Amendment No. 7 (number) — the specific amendment number to the Schedule 13G
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in Radian Group Inc. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, specifically Amendment No. 7. An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive investors who own more than 5% of a company's stock but do not intend to influence or control the company.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major institutional investment company based at 50 Hudson Yards, New York, NY.
Which company's securities are the subject of this filing?
The subject company is Radian Group Inc., which operates in Surety Insurance and has its business address at 550 East Swedesford Road, Suite 350, Wayne, PA.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, indicating the ownership position as of the end of the last fiscal year.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Radian Group Inc. is 750236101.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding RADIAN GROUP INC (RDN).