Radian Group Inc. (NYSE:RDN) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB increased its holdings in shares of Radian Group Inc. (NYSE:RDN) by 11.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 195,942 shares of the insurance provider’s stock after acquiring an additional 19,730 shares during the period. Nordea Investment Management AB owned approximately 0.13% of Radian Group worth $6,233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RDN. Arizona State Retirement System grew its holdings in Radian Group by 0.8% in the second quarter. Arizona State Retirement System now owns 42,413 shares of the insurance provider’s stock valued at $1,319,000 after purchasing an additional 321 shares during the period. Choreo LLC purchased a new stake in Radian Group in the 2nd quarter worth $636,000. American Century Companies Inc. raised its position in Radian Group by 18.2% during the second quarter. American Century Companies Inc. now owns 2,833,950 shares of the insurance provider’s stock worth $88,136,000 after acquiring an additional 435,751 shares during the period. Qsemble Capital Management LP purchased a new position in Radian Group during the second quarter valued at $452,000. Finally, Vest Financial LLC grew its position in shares of Radian Group by 27.4% in the second quarter. Vest Financial LLC now owns 746,664 shares of the insurance provider’s stock valued at $23,221,000 after purchasing an additional 160,778 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insiders Place Their Bets

In other news, insider Derek Brummer sold 14,705 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.65, for a total value of $509,528.25. Following the transaction, the insider now owns 171,830 shares of the company’s stock, valued at $5,953,909.50. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.16% of the stock is owned by insiders.

Radian Group Trading Down 0.3 %

RDN opened at $31.62 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The company’s 50 day simple moving average is $33.46 and its two-hundred day simple moving average is $34.06. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 1.69 and a beta of 1.06. Radian Group Inc. has a 1-year low of $26.11 and a 1-year high of $37.86.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The company had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. Analysts expect that Radian Group Inc. will post 4 EPS for the current fiscal year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 3.10%. The ex-dividend date was Monday, November 25th. Radian Group’s payout ratio is currently 25.39%.

Wall Street Analysts Forecast Growth

RDN has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased their price target on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday. Barclays lifted their price target on Radian Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.30.

Radian Group Company Profile

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.