Great Lakes Advisors LLC Has $4.95 Million Holdings in Radian Group Inc. $RDN

Great Lakes Advisors LLC lessened its holdings in shares of Radian Group Inc. (NYSE:RDN) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,703 shares of the insurance provider’s stock after selling 16,101 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.10% of Radian Group worth $4,951,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Geneos Wealth Management Inc. grew its position in Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 572 shares in the last quarter. Financial Consulate Inc. acquired a new stake in shares of Radian Group during the 3rd quarter valued at $29,000. Salomon & Ludwin LLC purchased a new position in shares of Radian Group during the 3rd quarter valued at $33,000. Headlands Technologies LLC purchased a new position in shares of Radian Group during the 2nd quarter valued at $50,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Radian Group by 94.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 901 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Radian Group

In related news, EVP Eric Ray sold 13,957 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.60, for a total transaction of $496,869.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.01% of the company’s stock.

Radian Group Trading Down 0.8%

Shares of RDN stock opened at $32.90 on Friday. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $38.84. The company has a market cap of $4.46 billion, a PE ratio of 8.20 and a beta of 0.82. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $35.02 and its two-hundred day moving average is $34.71.

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, topping analysts’ consensus estimates of $0.95 by $0.20. Radian Group had a net margin of 45.90% and a return on equity of 13.29%. The business had revenue of $303.19 million during the quarter, compared to analysts’ expectations of $308.77 million. During the same period in the previous year, the company earned $1.03 earnings per share. Radian Group’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities analysts predict that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, November 24th. Radian Group’s dividend payout ratio (DPR) is currently 25.44%.

Analyst Ratings Changes

Several brokerages have weighed in on RDN. Roth Mkm reaffirmed a “buy” rating and issued a $45.00 target price on shares of Radian Group in a research report on Friday, January 2nd. Barclays increased their price objective on Radian Group from $35.00 to $37.00 and gave the stock a “cautious” rating in a report on Monday, October 6th. Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, January 13th. Zacks Research downgraded shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, UBS Group cut their price target on shares of Radian Group from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.00.

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.