Radian Group Inc. (NYSE:RDN) Stake Reduced by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC trimmed its stake in Radian Group Inc. (NYSE:RDN) by 1.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 296,799 shares of the insurance provider’s stock after selling 4,664 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.20% of Radian Group worth $9,414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Radian Group by 7.3% in the 4th quarter. Franklin Resources Inc. now owns 92,480 shares of the insurance provider’s stock valued at $2,933,000 after purchasing an additional 6,258 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Radian Group by 0.3% during the fourth quarter. Alliancebernstein L.P. now owns 199,889 shares of the insurance provider’s stock valued at $6,340,000 after buying an additional 629 shares during the last quarter. Schroder Investment Management Group grew its holdings in Radian Group by 1.2% in the 4th quarter. Schroder Investment Management Group now owns 534,940 shares of the insurance provider’s stock worth $16,974,000 after buying an additional 6,426 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Radian Group by 1.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,952 shares of the insurance provider’s stock worth $20,775,000 after buying an additional 10,409 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its position in Radian Group by 27.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 23,745 shares of the insurance provider’s stock valued at $753,000 after acquiring an additional 5,063 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Radian Group Stock Down 4.8 %

Shares of RDN stock opened at $31.29 on Monday. Radian Group Inc. has a 1 year low of $29.17 and a 1 year high of $37.86. 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 business’s fifty day moving average is $32.68 and its 200-day moving average is $33.36. The stock has a market cap of $4.54 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 1.73 and a beta of 0.75.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 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%. Equities analysts expect that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, February 24th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.26%. This is a boost from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. Radian Group’s dividend payout ratio (DPR) is presently 25.95%.

Insiders Place Their Bets

In other news, Director Gregory Serio sold 4,100 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the sale, the director now directly owns 344 shares of the company’s stock, valued at $11,231.60. This trade represents a 92.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on RDN. UBS Group boosted their price target on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.80.

Radian Group Company 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.