Eagle Asset Management Inc. trimmed its stake in Radian Group Inc (NYSE:RDN) by 26.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 784,776 shares of the insurance provider’s stock after selling 282,880 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.36% of Radian Group worth $16,174,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Boston Partners lifted its position in shares of Radian Group by 2.7% in the third quarter. Boston Partners now owns 3,504,572 shares of the insurance provider’s stock valued at $65,500,000 after buying an additional 92,553 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Radian Group by 59.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,601,594 shares of the insurance provider’s stock valued at $48,623,000 after acquiring an additional 968,914 shares in the last quarter. Rothschild Asset Management Inc. increased its stake in shares of Radian Group by 5.7% in the 3rd quarter. Rothschild Asset Management Inc. now owns 2,417,535 shares of the insurance provider’s stock valued at $45,184,000 after purchasing an additional 130,796 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Radian Group by 63.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,198,600 shares of the insurance provider’s stock valued at $45,313,000 after purchasing an additional 856,375 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Radian Group by 57.0% in the 3rd quarter. Prudential Financial Inc. now owns 2,085,847 shares of the insurance provider’s stock valued at $38,984,000 after purchasing an additional 757,490 shares during the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.
RDN has been the topic of a number of research reports. BTIG Research restated a “buy” rating and set a $26.00 price objective (up previously from $22.00) on shares of Radian Group in a research report on Wednesday, December 20th. ValuEngine downgraded Radian Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 10th. Deutsche Bank raised Radian Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $24.00 to $28.00 in a research note on Monday, January 8th. Royal Bank of Canada reissued a “buy” rating on shares of Radian Group in a report on Friday, February 2nd. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Radian Group in a report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.68.
Radian Group Inc (NYSE RDN) traded down $1.08 on Wednesday, hitting $18.91. 4,770,495 shares of the company were exchanged, compared to its average volume of 1,490,000. The stock has a market cap of $4,080.00, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. Radian Group Inc has a 52 week low of $15.58 and a 52 week high of $23.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.28 and a current ratio of 1.28.
Radian Group (NYSE:RDN) last announced its earnings results on Thursday, February 1st. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.07. The firm had revenue of $317.90 million for the quarter, compared to analysts’ expectations of $322.32 million. Radian Group had a net margin of 9.91% and a return on equity of 13.53%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. equities research analysts anticipate that Radian Group Inc will post 2.41 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 26th were issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.05%. This is an increase from Radian Group’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s dividend payout ratio is presently 0.99%.
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Radian Group Profile
Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.
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