10 hours Ago By ABMN Staff
Empowered Funds LLC bought a new stake in Radian Group Inc. ( NYSE:RDN – Free Report ) in the 4th quarter, Holdings Channel.com reports.
The firm bought 8,434 shares of the insurance provider’s stock, valued at approximately $268,000. Several other institutional investors and hedge funds have also made changes to their positions in RDN. QRG Capital Management Inc.
raised its stake in Radian Group by 1.1% during the 3rd quarter. QRG Capital Management Inc.
now owns 31,392 shares of the insurance provider’s stock valued at $1,089,000 after acquiring an additional 339 shares during the last quarter. MML Investors Services LLC raised its stake in Radian Group by 4.5% during the 3rd quarter.
MML Investors Services LLC now owns 8,494 shares of the insurance provider’s stock valued at $295,000 after acquiring an additional 364 shares during the last quarter. CX Institutional raised its stake in Radian Group by 5.8% during the 4th quarter.
CX Institutional now owns 8,233 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 451 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Radian Group by 21.
1% during the 4th quarter. Blue Trust Inc. now owns 3,030 shares of the insurance provider’s stock worth $105,000 after buying an additional 528 shares in the last quarter.
Finally, Quantinno Capital Management LP raised its stake in shares of Radian Group by 8.0% during the 3rd quarter. Quantinno Capital Management LP now owns 7,861 shares of the insurance provider’s stock worth $273,000 after buying an additional 579 shares in the last quarter.
95.33% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of equities analysts have recently issued reports on RDN shares.
Keefe, Bruyette & Woods cut their target price on Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th.
UBS Group increased their target price on Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday.
Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Radian Group currently has an average rating of “Hold” and a consensus target price of $36.80.
Radian Group Stock Performance RDN opened at $32.44 on Friday. The stock has a market cap of $4.
71 billion, a P/E ratio of 8.25, a P/E/G ratio of 1.73 and a beta of 1.
06. 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 simple moving average is $32.
65 and its 200 day simple moving average is $33.94. Radian Group Inc.
has a 1-year low of $27.20 and a 1-year high of $37.86.
Radian Group ( NYSE:RDN – Get Free Report ) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
92 by $0.17. Radian Group had a return on equity of 13.
96% and a net margin of 46.85%. As a group, equities analysts anticipate that Radian Group Inc.
will post 3.79 EPS for the current fiscal year. Radian Group Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th.
Investors of record on Monday, February 24th will be issued a $0.255 dividend. The ex-dividend date is Monday, February 24th.
This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.14%.
This is a boost from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s dividend payout ratio is currently 25.
95%. Insider Buying and Selling In other Radian Group news, insider Derek Brummer sold 14,705 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $34.
65, for a total transaction of $509,528.25. Following the sale, the insider now owns 171,830 shares in the company, valued at approximately $5,953,909.
50. This represents a 7.88 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Insiders own 2.16% of the company’s stock.
About Radian Group ( Free Report ) 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. See Also Want to see what other hedge funds are holding RDN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Radian Group Inc. ( NYSE:RDN – Free Report ). Receive News & Ratings for Radian Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radian Group and related companies with MarketBeat.
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