Swiss National Bank grew its position in Radian Group Inc (NYSE:RDN) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 366,650 shares of the insurance provider’s stock after purchasing an additional 7,000 shares during the period. Swiss National Bank owned approximately 0.17% of Radian Group worth $7,557,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new position in shares of Radian Group in the fourth quarter valued at about $120,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Radian Group in the third quarter valued at about $110,000. Meeder Asset Management Inc. increased its holdings in shares of Radian Group by 75.9% in the fourth quarter. Meeder Asset Management Inc. now owns 7,463 shares of the insurance provider’s stock valued at $153,000 after purchasing an additional 3,220 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Radian Group by 51.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock valued at $243,000 after purchasing an additional 4,021 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Radian Group by 39.3% in the third quarter. Stifel Financial Corp now owns 17,997 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 5,074 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.
A number of research 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 price objective on the stock. ValuEngine raised Radian Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating on shares of Radian Group in a research note on Friday, February 2nd. Barclays upped their target price on Radian Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, B. Riley restated a “buy” rating on shares of Radian Group in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $24.68.
Shares of Radian Group Inc (RDN) opened at $21.33 on Friday. Radian Group Inc has a one year low of $15.58 and a one year high of $23.49. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $4,624.89, a PE ratio of 39.50, a PEG ratio of 1.37 and a beta of 1.58.
Radian Group (NYSE:RDN) last issued its earnings results on Thursday, February 1st. The insurance provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. Radian Group had a return on equity of 13.59% and a net margin of 9.91%. The firm had revenue of $317.90 million for the quarter, compared to the consensus estimate of $322.32 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s revenue was up 15.8% compared to the same quarter last year. research analysts expect that Radian Group Inc will post 2.41 EPS for the current fiscal year.
The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. This is an increase from Radian Group’s previous quarterly dividend of $0.00. Radian Group’s dividend payout ratio is currently 1.85%.
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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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