Great Lakes Advisors LLC lowered its stake in shares of Radian Group Inc. (NYSE:RDN – Free Report) by 3.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 187,735 shares of the insurance provider’s stock after selling 5,970 shares during the period. Great Lakes Advisors LLC owned approximately 0.12% of Radian Group worth $4,746,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of Radian Group by 1,792.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,041 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 986 shares during the period. Point72 Middle East FZE bought a new stake in Radian Group during the fourth quarter valued at approximately $37,000. Ensign Peak Advisors Inc purchased a new stake in Radian Group during the third quarter valued at approximately $73,000. Lazard Asset Management LLC raised its position in Radian Group by 194.7% in the fourth quarter. Lazard Asset Management LLC now owns 4,285 shares of the insurance provider’s stock worth $81,000 after acquiring an additional 2,831 shares during the period. Finally, Captrust Financial Advisors raised its position in Radian Group by 49.8% in the second quarter. Captrust Financial Advisors now owns 4,441 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 1,476 shares during the period. Hedge funds and other institutional investors own 96.17% of the company’s stock.
Radian Group Price Performance
RDN stock opened at $26.02 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.43 and a current ratio of 1.43. The company’s fifty day moving average price is $25.91 and its 200-day moving average price is $26.00. Radian Group Inc. has a one year low of $17.83 and a one year high of $28.26. The company has a market capitalization of $3.99 billion, a PE ratio of 6.71, a price-to-earnings-growth ratio of 1.41 and a beta of 1.09.
Radian Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 27th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, November 24th. Radian Group’s payout ratio is 23.20%.
Analysts Set New Price Targets
Several research firms have recently commented on RDN. Barclays assumed coverage on Radian Group in a research note on Wednesday, November 15th. They issued an “equal weight” rating and a $28.00 price objective for the company. StockNews.com assumed coverage on Radian Group in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada boosted their price objective on Radian Group from $26.00 to $29.00 and gave the company a “sector perform” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.50.
Radian Group Company Profile
Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. The company operates through Mortgage and Homegenius segments. The Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting solutions.
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