Nordea Investment Management AB Sells 27,509 Shares of Radian Group Inc. $RDN

Nordea Investment Management AB reduced its stake in Radian Group Inc. (NYSE:RDN) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,639 shares of the insurance provider’s stock after selling 27,509 shares during the period. Nordea Investment Management AB owned 0.13% of Radian Group worth $6,407,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in Radian Group by 14.8% in the first quarter. Jones Financial Companies Lllp now owns 2,764 shares of the insurance provider’s stock valued at $91,000 after buying an additional 357 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after buying an additional 572 shares during the period. Creative Planning grew its position in shares of Radian Group by 18.0% during the 2nd quarter. Creative Planning now owns 15,634 shares of the insurance provider’s stock worth $563,000 after buying an additional 2,381 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Radian Group by 657.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 19,209 shares of the insurance provider’s stock valued at $692,000 after acquiring an additional 16,672 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co acquired a new stake in shares of Radian Group in the 2nd quarter valued at approximately $821,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RDN shares. Roth Mkm restated a “buy” rating and set a $45.00 price objective on shares of Radian Group in a report on Friday, January 2nd. Barclays set a $40.00 target price on shares of Radian Group in a report on Monday, February 23rd. Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Keefe, Bruyette & Woods raised shares of Radian Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $42.00 in a report on Wednesday, February 11th. Finally, Weiss Ratings cut shares of Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.60.

Radian Group Price Performance

Shares of RDN opened at $33.08 on Friday. The stock has a 50 day simple moving average of $33.38 and a 200 day simple moving average of $34.49. Radian Group Inc. has a 52-week low of $29.32 and a 52-week high of $38.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.40 and a current ratio of 3.40. The firm has a market capitalization of $4.51 billion, a PE ratio of 7.97, a P/E/G ratio of 1.78 and a beta of 0.80.

Radian Group (NYSE:RDN) last announced its earnings results on Thursday, February 19th. The insurance provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.11 by $0.05. Radian Group had a net margin of 46.99% and a return on equity of 13.07%. The firm had revenue of $300.51 million for the quarter, compared to the consensus estimate of $300.45 million. During the same period last year, the company posted $1.09 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts predict that Radian Group Inc. will post 3.79 EPS for the current fiscal year.

Radian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, February 23rd. Radian Group’s dividend payout ratio (DPR) is presently 24.58%.

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.