Heartland Advisors Inc. Cuts Holdings in Radian Group Inc. $RDN

Heartland Advisors Inc. lowered its position in shares of Radian Group Inc. (NYSE:RDN) by 14.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the insurance provider’s stock after selling 50,000 shares during the quarter. Heartland Advisors Inc. owned 0.22% of Radian Group worth $10,866,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of RDN. Jones Financial Companies Lllp lifted its holdings in Radian Group by 14.8% during the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock worth $91,000 after acquiring an additional 357 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Radian Group by 191.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after buying an additional 572 shares during the last quarter. CWM LLC grew its position in Radian Group by 25.6% during the second quarter. CWM LLC now owns 31,418 shares of the insurance provider’s stock valued at $1,132,000 after buying an additional 6,399 shares during the period. Nordea Investment Management AB increased its holdings in Radian Group by 0.3% during the second quarter. Nordea Investment Management AB now owns 199,681 shares of the insurance provider’s stock worth $7,153,000 after buying an additional 533 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in Radian Group by 337.1% during the second quarter. AlphaQuest LLC now owns 69,523 shares of the insurance provider’s stock worth $2,504,000 after buying an additional 53,619 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

RDN has been the subject of a number of research reports. Roth Mkm reissued a “buy” rating and set a $45.00 target price on shares of Radian Group in a research report on Friday, January 2nd. Keefe, Bruyette & Woods raised Radian Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $42.00 in a report on Wednesday, February 11th. Zacks Research lowered Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings downgraded Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Radian Group has a consensus rating of “Hold” and an average price target of $40.20.

Radian Group Price Performance

RDN stock opened at $32.83 on Tuesday. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $38.84. The firm has a 50 day moving average of $34.59 and a 200-day moving average of $34.69. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $4.45 billion, a P/E ratio of 8.19 and a beta of 0.81.

Radian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.255 per share. The ex-dividend date is Monday, February 23rd. This represents a $1.02 annualized dividend and a dividend yield of 3.1%. Radian Group’s dividend payout ratio (DPR) is 25.44%.

Insider Activity

In related news, EVP Eric Ray sold 13,957 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total value of $496,869.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.16% of the company’s stock.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.