Wellington Management Group LLP Sells 11,848 Shares of Radian Group Inc. (NYSE:RDN)

Wellington Management Group LLP decreased its holdings in Radian Group Inc. (NYSE:RDN - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 593,885 shares of the insurance provider's stock after selling 11,848 shares during the period. Wellington Management Group LLP owned about 0.40% of Radian Group worth $18,838,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RDN. Quantinno Capital Management LP boosted its holdings in shares of Radian Group by 8.0% during the third quarter. Quantinno Capital Management LP now owns 7,861 shares of the insurance provider's stock worth $273,000 after acquiring an additional 579 shares during the period. Quadrature Capital Ltd bought a new position in Radian Group during the third quarter worth about $237,000. State Street Corp grew its position in Radian Group by 2.7% during the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider's stock worth $232,433,000 after buying an additional 177,142 shares in the last quarter. Weiss Asset Management LP acquired a new position in Radian Group in the third quarter valued at about $392,000. Finally, MML Investors Services LLC lifted its stake in Radian Group by 4.5% during the third quarter. MML Investors Services LLC now owns 8,494 shares of the insurance provider's stock worth $295,000 after purchasing an additional 364 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Radian Group Stock Up 1.0 %

NYSE:RDN traded up $0.32 on Monday, hitting $32.72. The stock had a trading volume of 96,111 shares, compared to its average volume of 1,171,996. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 52 week low of $29.17 and a 52 week high of $37.86. The business's fifty day moving average is $32.31 and its 200 day moving average is $33.20. The company has a market cap of $4.62 billion, a PE ratio of 8.32, a P/E/G ratio of 1.73 and a beta of 0.75.

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Radian Group (NYSE:RDN - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, equities research analysts expect that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th were paid a $0.255 dividend. This is a positive change from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 annualized dividend and a dividend yield of 3.12%. Radian Group's dividend payout ratio is presently 25.95%.

Analysts Set New Price Targets

RDN has been the subject of a number of research reports. Keefe, Bruyette & Woods dropped their price target on Radian Group from $40.00 to $37.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. UBS Group raised their price target on shares of Radian Group from $33.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Radian Group currently has an average rating of "Hold" and an average target price of $36.20.

Insider Activity at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the sale, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.16% of the stock is owned by insiders.

About Radian Group

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.