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

Wellington Management Group LLP grew its holdings in Radian Group Inc. (NYSE:RDN) by 14.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 695,326 shares of the insurance provider’s stock after acquiring an additional 88,352 shares during the quarter. Wellington Management Group LLP’s holdings in Radian Group were worth $26,193,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp lifted its holdings in shares of Radian Group by 14.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after purchasing an additional 357 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Radian Group by 94.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $67,000 after buying an additional 901 shares during the period. Walleye Capital LLC acquired a new stake in Radian Group during the 2nd quarter worth approximately $239,000. Finally, Marshall Wace LLP bought a new position in Radian Group in the second quarter valued at approximately $452,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Radian Group Stock Performance

Shares of RDN opened at $36.59 on Friday. Radian Group Inc. has a 12 month low of $31.50 and a 12 month high of $41.05. The firm has a fifty day simple moving average of $37.63 and a 200 day simple moving average of $35.73. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.89 and a beta of 0.70. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.14.

Radian Group (NYSE:RDN) last issued 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 net margin of 32.60% and a return on equity of 13.65%. The business had revenue of $574.96 million during the quarter, compared to analyst estimates of $556.55 million. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The firm’s quarterly revenue was up 92.3% on a year-over-year basis. Research analysts forecast that Radian Group Inc. will post 4.86 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders 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 dividend yield of 2.8%. Radian Group’s dividend payout ratio (DPR) is presently 26.22%.

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.