Wellington Management Group LLP Has $26.19 Million Holdings in Radian Group Inc. $RDN

Wellington Management Group LLP increased its stake in shares of Radian Group Inc. (NYSE:RDN) by 14.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 695,326 shares of the insurance provider’s stock after buying an additional 88,352 shares during the quarter. Wellington Management Group LLP owned 0.53% of Radian Group worth $26,193,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RDN. BlackRock Inc. bought a new position in shares of Radian Group in the second quarter valued at approximately $728,072,000. Charles Schwab Investment Management Inc. grew its position in Radian Group by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,959,463 shares of the insurance provider’s stock worth $214,481,000 after acquiring an additional 63,437 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Radian Group by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,948,335 shares of the insurance provider’s stock valued at $196,773,000 after purchasing an additional 230,912 shares in the last quarter. Donald Smith & CO. Inc. acquired a new stake in Radian Group during the 2nd quarter valued at $163,104,000. Finally, Caisse de depot et placement du Quebec bought a new position in Radian Group in the 2nd quarter valued at $89,334,000. 95.33% of the stock is currently owned by institutional investors.

Radian Group Price Performance

RDN opened at $36.59 on Friday. The company has a fifty day moving average price of $37.63 and a two-hundred day moving average price of $35.73. The firm has a market capitalization of $4.84 billion, a PE ratio of 9.41, a P/E/G ratio of 0.89 and a beta of 0.70. Radian Group Inc. has a 52 week low of $31.50 and a 52 week high of $41.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.60 and a current ratio of 0.60.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.20). Radian Group had a return on equity of 13.65% and a net margin of 32.60%.The company had revenue of $574.96 million during the quarter, compared to the consensus estimate of $556.55 million. During the same quarter in the prior year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was up 92.3% on a year-over-year basis. As a group, analysts anticipate that Radian Group Inc. will post 4.86 earnings per share for the current year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be issued a $0.255 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.02 annualized dividend and a yield of 2.8%. Radian Group’s dividend payout ratio (DPR) is 26.22%.

Wall Street Analyst Weigh In

Several analysts have recently commented on RDN shares. Keefe, Bruyette & Woods decreased their target price on Radian Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Wall Street Zen cut shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Weiss Ratings upgraded shares of Radian Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada initiated coverage on shares of Radian Group in a research report on Friday, May 22nd. They issued an “outperform” rating and a $47.00 price objective for the company. Finally, Barclays decreased their price objective on Radian Group from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Radian Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.17.

Radian Group Profile

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.