Eagle Asset Management Inc. reduced its position in Radian Group Inc (NYSE:RDN) by 26.5% in the 4th quarter, Holdings Channel reports. The firm owned 784,776 shares of the insurance provider’s stock after selling 282,880 shares during the period. Eagle Asset Management Inc.’s holdings in Radian Group were worth $16,174,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the company. OxFORD Asset Management LLP lifted its holdings in shares of Radian Group by 3.6% in the 2nd quarter. OxFORD Asset Management LLP now owns 15,824 shares of the insurance provider’s stock valued at $259,000 after purchasing an additional 555 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Radian Group by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 166,041 shares of the insurance provider’s stock valued at $2,715,000 after purchasing an additional 766 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Radian Group by 4.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,029 shares of the insurance provider’s stock valued at $311,000 after purchasing an additional 877 shares during the last quarter. Sadoff Investment Management LLC lifted its holdings in shares of Radian Group by 0.3% in the 3rd quarter. Sadoff Investment Management LLC now owns 974,800 shares of the insurance provider’s stock valued at $18,219,000 after purchasing an additional 2,540 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of Radian Group by 6.4% in the 4th quarter. Aperio Group LLC now owns 45,628 shares of the insurance provider’s stock valued at $940,000 after purchasing an additional 2,755 shares during the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.
Radian Group Inc (NYSE:RDN) opened at $21.41 on Tuesday. The stock has a market capitalization of $4,620.58, a PE ratio of 11.76, a P/E/G ratio of 1.37 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 current ratio of 1.23 and a quick ratio of 1.23.
Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 return on equity of 13.59% and a net margin of 9.91%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. equities analysts expect that Radian Group Inc will post 2.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 26th will be given a dividend of $0.0025 per share. This is a boost from Radian Group’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.01 annualized dividend and a yield of 0.05%. Radian Group’s payout ratio is presently 1.85%.
Several analysts have recently weighed in on the company. Wells Fargo & Co assumed coverage on Radian Group in a report on Tuesday, November 28th. They issued a “market perform” rating and a $22.00 target price for the company. ValuEngine raised Radian Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Barclays boosted their price target on Radian Group from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating on shares of Radian Group in a research report on Friday, February 2nd. Finally, B. Riley restated a “buy” rating on shares of Radian Group in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $24.68.
Radian Group Company 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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