Wellington Management Group LLP Trims Position in Radian Group Inc. (NYSE:RDN)

Wellington Management Group LLP decreased its stake in shares of Radian Group Inc. (NYSE:RDN - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 593,885 shares of the insurance provider's stock after selling 11,848 shares during the quarter. Wellington Management Group LLP owned about 0.41% of Radian Group worth $18,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Radian Group during the fourth quarter valued at $73,693,000. First Trust Advisors LP raised its stake in Radian Group by 20.6% during the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock valued at $341,505,000 after purchasing an additional 1,836,020 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Radian Group by 109.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 901,260 shares of the insurance provider's stock valued at $28,588,000 after purchasing an additional 470,158 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Radian Group during the fourth quarter valued at $9,564,000. Finally, Vest Financial LLC raised its stake in Radian Group by 35.4% during the fourth quarter. Vest Financial LLC now owns 1,092,054 shares of the insurance provider's stock valued at $34,640,000 after purchasing an additional 285,481 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

Analyst Ratings Changes

RDN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $38.00 price target (up previously from $37.00) on shares of Radian Group in a research note on Friday, May 2nd. Compass Point downgraded shares of Radian Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Finally, UBS Group upped their price target on shares of Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $36.83.

Radian Group Trading Down 0.1%

Shares of RDN traded down $0.03 during midday trading on Thursday, hitting $33.18. The stock had a trading volume of 1,138,277 shares, compared to its average volume of 1,231,201. Radian Group Inc. has a 1 year low of $29.32 and a 1 year high of $37.86. The firm has a market cap of $4.46 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. 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's 50 day moving average is $32.86 and its 200 day moving average is $32.89.

Radian Group (NYSE:RDN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. The business had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The business's revenue for the quarter was down .4% on a year-over-year basis. As a group, analysts forecast that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, June 2nd. Radian Group's dividend payout ratio is currently 25.95%.

Radian Group declared that its board has approved a stock buyback program on Wednesday, May 21st that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to reacquire up to 16.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

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.