Boston Partners lessened its holdings in shares of Radian Group Inc (NYSE:RDN) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,468,464 shares of the insurance provider’s stock after selling 28,887 shares during the quarter. Boston Partners’ holdings in Radian Group were worth $33,623,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. bought a new stake in shares of Radian Group during the 2nd quarter valued at about $87,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Radian Group by 19.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,103 shares of the insurance provider’s stock valued at $94,000 after acquiring an additional 669 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in shares of Radian Group by 39.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 8,538 shares of the insurance provider’s stock valued at $196,000 after acquiring an additional 2,400 shares during the last quarter. Creative Planning bought a new stake in shares of Radian Group during the 2nd quarter valued at about $224,000. Finally, BB&T Securities LLC bought a new stake in shares of Radian Group during the 2nd quarter valued at about $225,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.
Shares of NYSE RDN traded up $0.66 during trading hours on Thursday, reaching $23.97. 311,358 shares of the stock traded hands, compared to its average volume of 1,074,517. The company has a market capitalization of $4.76 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.29. Radian Group Inc has a 52-week low of $14.77 and a 52-week high of $24.62. The company’s 50-day simple moving average is $22.71 and its two-hundred day simple moving average is $22.54.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were issued a dividend of $0.002 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.03%. Radian Group’s dividend payout ratio is 0.37%.
RDN has been the topic of a number of research reports. Barclays reissued a “buy” rating and set a $27.00 price objective on shares of Radian Group in a report on Monday, June 24th. BTIG Research reissued a “buy” rating and set a $29.00 price objective on shares of Radian Group in a report on Thursday, August 1st. Finally, B. Riley set a $27.00 price objective on Radian Group and gave the company a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Radian Group currently has a consensus rating of “Buy” and an average target price of $27.14.
Radian Group Profile
Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.
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