Grantham Mayo Van Otterloo & Co. LLC Has $9.41 Million Position in Radian Group Inc. (NYSE:RDN)

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in Radian Group Inc. (NYSE:RDN) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 296,799 shares of the insurance provider’s stock after selling 4,664 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Radian Group were worth $9,414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Centiva Capital LP acquired a new stake in Radian Group during the 3rd quarter worth about $512,000. Quantinno Capital Management LP grew its position in Radian Group by 8.0% during the third quarter. Quantinno Capital Management LP now owns 7,861 shares of the insurance provider’s stock valued at $273,000 after purchasing an additional 579 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Radian Group during the third quarter valued at approximately $237,000. State Street Corp increased its stake in Radian Group by 2.7% in the 3rd quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock valued at $232,433,000 after buying an additional 177,142 shares during the period. Finally, Weiss Asset Management LP purchased a new stake in Radian Group in the 3rd quarter worth approximately $392,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RDN. Keefe, Bruyette & Woods cut their price objective on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. UBS Group raised their price target on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Radian Group presently has a consensus rating of “Hold” and an average target price of $36.80.

Radian Group Price Performance

Shares of NYSE:RDN opened at $31.29 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The stock has a market capitalization of $4.54 billion, a P/E ratio of 7.96, a P/E/G ratio of 1.73 and a beta of 0.75. The business has a 50-day moving average of $32.68 and a two-hundred day moving average of $33.36. Radian Group Inc. has a fifty-two week low of $29.17 and a fifty-two week high of $37.86.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. On average, equities research analysts predict 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. Investors of record on Monday, February 24th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio (DPR) is 25.95%.

Insiders Place Their Bets

In other news, Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.16% of the company’s stock.

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.