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

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in shares of 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 buying an additional 572 shares during the last quarter. Financial Consulate Inc. bought a new position in Radian Group during the third quarter valued at about $29,000. Salomon & Ludwin LLC acquired a new position in Radian Group in the 3rd quarter valued at approximately $33,000. Headlands Technologies LLC bought a new stake in shares of Radian Group in the 2nd quarter worth approximately $50,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Radian Group by 94.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,860 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 901 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Eric Ray sold 13,957 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $35.60, for a total transaction of $496,869.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RDN shares. UBS Group cut their target price on 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 increased their price objective on shares of Radian Group from $35.00 to $37.00 and gave the company a “cautious” rating in a research note on Monday, October 6th. Zacks Research lowered shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Roth Mkm reissued a “buy” rating and issued a $45.00 price target on shares of Radian Group in a research report on Friday, January 2nd. Finally, 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. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Radian Group Stock Performance

NYSE:RDN opened at $32.90 on Friday. The stock has a market capitalization of $4.46 billion, a P/E ratio of 8.20 and a beta of 0.82. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.24. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $38.84. The firm has a 50 day moving average of $35.02 and a 200-day moving average of $34.71.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. Radian Group had a return on equity of 13.29% and a net margin of 45.90%.The business had revenue of $303.19 million for the quarter, compared to analyst estimates of $308.77 million. During the same period in the prior year, the company earned $1.03 EPS. Radian Group’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

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

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.