Radian Group Inc. $RDN Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC trimmed its position in shares of Radian Group Inc. (NYSE:RDN) by 9.7% in the third quarter, HoldingsChannel.com reports. The fund owned 324,361 shares of the insurance provider’s stock after selling 34,669 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Radian Group were worth $11,748,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of RDN. EverSource Wealth Advisors LLC lifted its position in shares of Radian Group by 16.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the insurance provider’s stock worth $79,000 after purchasing an additional 310 shares in the last quarter. Bessemer Group Inc. increased its stake in Radian Group by 66.7% during the 3rd quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after buying an additional 318 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Radian Group by 14.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,696 shares of the insurance provider’s stock worth $97,000 after buying an additional 344 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Radian Group by 14.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after buying an additional 357 shares during the period. Finally, Amalgamated Bank grew its stake in shares of Radian Group by 1.0% in the third quarter. Amalgamated Bank now owns 39,233 shares of the insurance provider’s stock worth $1,421,000 after acquiring an additional 391 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Price Performance

Radian Group stock opened at $33.55 on Tuesday. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $33.93 and a 200-day simple moving average of $34.68. The stock has a market cap of $4.57 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 1.83 and a beta of 0.79. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $38.84.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, February 18th. The insurance provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.11 by $0.05. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The firm had revenue of $300.51 million for the quarter, compared to analyst estimates of $300.45 million. During the same quarter in the prior year, the company posted $1.09 earnings per share. Radian Group’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Dividend Announcement

The firm 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. This represents a $1.02 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, February 23rd. Radian Group’s dividend payout ratio is currently 24.58%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RDN shares. Barclays set a $40.00 price objective on Radian Group in a research note on Monday, February 23rd. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Roth Mkm restated a “buy” rating and set a $45.00 price target on shares of Radian Group in a report on Friday, January 2nd. Zacks Research raised Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Keefe, Bruyette & Woods upgraded Radian Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $41.00 to $42.00 in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Radian Group currently has an average rating of “Moderate Buy” and a consensus target price of $40.80.

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.