Glenmede Trust Co. NA decreased its holdings in shares of Radian Group Inc (NYSE:RDN) by 16.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,918,015 shares of the insurance provider’s stock after selling 554,732 shares during the period. Glenmede Trust Co. NA owned 1.35% of Radian Group worth $60,139,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Macquarie Group Ltd. raised its position in Radian Group by 211.6% during the 4th quarter. Macquarie Group Ltd. now owns 236,791 shares of the insurance provider’s stock valued at $4,880,000 after purchasing an additional 160,791 shares during the last quarter. Verition Fund Management LLC bought a new position in Radian Group during the 4th quarter valued at approximately $835,000. Zeke Capital Advisors LLC bought a new position in Radian Group during the 4th quarter valued at approximately $278,000. TIAA CREF Investment Management LLC raised its position in Radian Group by 10.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,061,943 shares of the insurance provider’s stock valued at $21,887,000 after purchasing an additional 96,551 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Radian Group by 474.4% during the 4th quarter. Two Sigma Investments LP now owns 606,116 shares of the insurance provider’s stock valued at $12,492,000 after purchasing an additional 500,586 shares during the last quarter. 94.49% of the stock is owned by institutional investors and hedge funds.
Radian Group Inc (RDN) opened at $18.35 on Friday. Radian Group Inc has a 52-week low of $15.58 and a 52-week high of $23.49. The stock has a market capitalization of $3,998.75, a P/E ratio of 33.98, a PEG ratio of 1.18 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.28.
Radian Group (NYSE:RDN) last posted its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.07. The company had revenue of $317.90 million for the quarter, compared to the consensus estimate of $322.32 million. Radian Group had a return on equity of 13.53% and a net margin of 9.91%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. research analysts expect that Radian Group Inc will post 2.41 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 26th were paid a $0.0025 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.01 annualized dividend and a dividend 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 presently 1.85%.
RDN has been the subject of several research reports. Wells Fargo initiated coverage on Radian Group in a research report on Tuesday, November 28th. They issued a “market perform” rating and a $22.00 target price for the company. Zacks Investment Research raised Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research report on Thursday, January 4th. Deutsche Bank raised Radian Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $24.00 to $28.00 in a research report on Monday, January 8th. BTIG Research reissued a “buy” rating and issued a $26.00 target price (up previously from $22.00) on shares of Radian Group in a research report on Wednesday, December 20th. Finally, B. Riley lowered Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 target price for the company. in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Radian Group presently has a consensus rating of “Buy” and a consensus price target of $24.68.
ILLEGAL ACTIVITY NOTICE: This article was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/03/17/glenmede-trust-co-na-sells-554732-shares-of-radian-group-inc-rdn.html.
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.
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.com's FREE daily email newsletter.