Wellington Management Group LLP Sells 6,254 Shares of Radian Group Inc. (NYSE:RDN)

Wellington Management Group LLP trimmed its holdings in Radian Group Inc. (NYSE:RDN) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 605,733 shares of the insurance provider’s stock after selling 6,254 shares during the period. Wellington Management Group LLP owned about 0.41% of Radian Group worth $21,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in RDN. Assenagon Asset Management S.A. lifted its stake in shares of Radian Group by 272.8% in the third quarter. Assenagon Asset Management S.A. now owns 828,058 shares of the insurance provider’s stock valued at $28,725,000 after buying an additional 605,956 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Radian Group by 460.4% in the second quarter. Point72 Asset Management L.P. now owns 660,693 shares of the insurance provider’s stock valued at $20,548,000 after buying an additional 542,801 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Radian Group by 18.2% in the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock valued at $88,136,000 after purchasing an additional 435,751 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Radian Group in the second quarter valued at about $6,273,000. Finally, WINTON GROUP Ltd raised its holdings in shares of Radian Group by 509.5% in the second quarter. WINTON GROUP Ltd now owns 212,295 shares of the insurance provider’s stock valued at $6,602,000 after purchasing an additional 177,466 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Radian Group Stock Performance

NYSE RDN opened at $33.54 on Friday. Radian Group Inc. has a 52-week low of $26.11 and a 52-week high of $37.86. The company has a 50-day simple moving average of $34.40 and a 200 day simple moving average of $33.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $5.00 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04.

Radian Group (NYSE:RDN) last posted its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $320.30 million. On average, research analysts predict that Radian Group Inc. will post 4 EPS for the current year.

Radian Group Announces Dividend

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

Insider Buying and Selling

In other news, insider Derek Brummer sold 14,705 shares of Radian Group stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the completion of the transaction, the insider now owns 171,830 shares in the company, valued at $5,953,909.50. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.16% of the stock is currently owned by corporate insiders.

Radian Group Company 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.