Wellington Management Group LLP Trims Stock Holdings in Radian Group Inc. (NYSE:RDN)

Wellington Management Group LLP decreased its holdings in Radian Group Inc. (NYSE:RDN) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 605,733 shares of the insurance provider’s stock after selling 6,254 shares during the period. Wellington Management Group LLP’s holdings in Radian Group were worth $21,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. State Street Corp increased its stake in shares of Radian Group by 2.7% in the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock worth $232,433,000 after purchasing an additional 177,142 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Radian Group by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock valued at $202,789,000 after acquiring an additional 121,166 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Radian Group by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock valued at $172,365,000 after acquiring an additional 89,363 shares during the period. FMR LLC boosted its position in shares of Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock valued at $124,476,000 after acquiring an additional 12,834 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Radian Group by 0.8% in the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock valued at $97,437,000 after acquiring an additional 25,862 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling at Radian Group

In other Radian Group news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $34.65, for a total transaction of $509,528.25. Following the completion of the sale, the insider now directly owns 171,830 shares in the company, valued at $5,953,909.50. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Barclays raised their price objective on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.10.

Radian Group Price Performance

RDN stock opened at $33.54 on Friday. Radian Group Inc. has a 12 month low of $26.11 and a 12 month high of $37.86. The firm has a market capitalization of $5.00 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $34.40 and a 200-day moving average of $33.88.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The business had revenue of $319.05 million during the quarter, compared to analyst estimates of $320.30 million. As a group, sell-side analysts predict that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.98 annualized dividend and a yield of 2.92%. Radian Group’s payout ratio is presently 25.39%.

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.