Nordea Investment Management AB Sells 27,509 Shares of Radian Group Inc. $RDN

Nordea Investment Management AB decreased its position in Radian Group Inc. (NYSE:RDN) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,639 shares of the insurance provider’s stock after selling 27,509 shares during the quarter. Nordea Investment Management AB’s holdings in Radian Group were worth $6,407,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RDN. Vanguard Group Inc. grew its holdings in shares of Radian Group by 2.7% during the third quarter. Vanguard Group Inc. now owns 16,272,597 shares of the insurance provider’s stock worth $589,393,000 after buying an additional 427,473 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Radian Group by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,443,201 shares of the insurance provider’s stock valued at $197,155,000 after acquiring an additional 177,144 shares in the last quarter. American Century Companies Inc. boosted its position in Radian Group by 4.4% during the 3rd quarter. American Century Companies Inc. now owns 4,019,483 shares of the insurance provider’s stock worth $145,586,000 after acquiring an additional 171,049 shares during the last quarter. Norges Bank acquired a new position in Radian Group during the 2nd quarter worth approximately $85,785,000. Finally, Balyasny Asset Management L.P. grew its stake in shares of Radian Group by 151.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,873,049 shares of the insurance provider’s stock worth $67,842,000 after acquiring an additional 1,128,852 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RDN shares. Weiss Ratings downgraded shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, January 13th. Zacks Research upgraded shares of Radian Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Barclays set a $40.00 target price on shares of Radian Group in a research report on Monday, February 23rd. Roth Mkm reissued a “buy” rating and set a $45.00 price target on shares of Radian Group in a research report on Friday, January 2nd. Finally, Keefe, Bruyette & Woods upgraded shares of Radian Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $41.00 to $42.00 in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.60.

Radian Group Trading Up 0.3%

NYSE RDN opened at $33.08 on Friday. The company has a market cap of $4.51 billion, a PE ratio of 7.97, a PEG ratio of 1.78 and a beta of 0.80. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23. Radian Group Inc. has a 12 month low of $29.32 and a 12 month high of $38.84. The stock has a 50 day moving average of $33.38 and a 200-day moving average of $34.49.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, February 19th. The insurance provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The business had revenue of $300.51 million for the quarter, compared to the consensus estimate of $300.45 million. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share. On average, equities research analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, February 23rd. Radian Group’s payout ratio is 24.58%.

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.