Grantham Mayo Van Otterloo & Co. LLC Increases Position in Radian Group Inc. $RDN

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Radian Group Inc. (NYSE:RDN) by 1.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 359,030 shares of the insurance provider’s stock after buying an additional 6,248 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Radian Group were worth $12,932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Radian Group in the 2nd quarter valued at $69,714,000. Jane Street Group LLC grew its holdings in shares of Radian Group by 11,446.4% in the first quarter. Jane Street Group LLC now owns 1,310,517 shares of the insurance provider’s stock worth $43,339,000 after purchasing an additional 1,299,167 shares during the last quarter. Nuveen LLC purchased a new position in Radian Group in the 1st quarter worth about $40,749,000. Millennium Management LLC bought a new stake in Radian Group during the 1st quarter valued at about $27,282,000. Finally, Deutsche Bank AG boosted its position in Radian Group by 161.9% in the 1st quarter. Deutsche Bank AG now owns 553,737 shares of the insurance provider’s stock valued at $18,312,000 after buying an additional 342,330 shares during the period. 95.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on RDN shares. UBS Group decreased their price target on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Barclays lifted their target price on Radian Group from $35.00 to $37.00 and gave the company a “cautious” rating in a research report on Monday, October 6th. Weiss Ratings restated a “buy (a-)” rating on shares of Radian Group in a research note on Monday. Finally, Zacks Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Radian Group presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Radian Group Trading Up 0.0%

Shares of NYSE:RDN opened at $35.55 on Friday. The company has a market capitalization of $4.82 billion, a PE ratio of 8.95 and a beta of 0.81. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.54. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $38.84. The business’s fifty day simple moving average is $34.71 and its 200-day simple moving average is $34.59.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. Radian Group had a return on equity of 13.25% and a net margin of 45.62%.The company had revenue of $303.19 million for the quarter, compared to the consensus estimate of $308.77 million. During the same quarter last year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, November 24th. Radian Group’s payout ratio is 25.44%.

Insider Buying and Selling

In other Radian Group news, EVP Edward J. Hoffman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the sale, the executive vice president directly owned 153,708 shares in the company, valued at $5,687,196. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.01% 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.