Glenmede Trust Co. NA reduced its holdings in Radian Group (NYSE:RDN) by 16.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,918,015 shares of the insurance provider’s stock after selling 554,732 shares during the quarter. Glenmede Trust Co. NA owned approximately 1.35% of Radian Group worth $60,139,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in RDN. Wealthcare Advisory Partners LLC acquired a new stake in Radian Group in the third quarter worth $110,000. Cerebellum GP LLC bought a new position in shares of Radian Group in the fourth quarter valued at $120,000. Meeder Asset Management Inc. lifted its stake 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 buying an additional 3,220 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Radian Group in the fourth quarter valued at $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 buying an additional 4,021 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.
Radian Group stock traded down $0.20 during mid-day trading on Friday, hitting $19.14. 1,637,667 shares of the company traded hands, compared to its average volume of 2,327,531. The firm has a market cap of $4,134.85, a PE ratio of 10.52, a PEG ratio of 1.22 and a beta of 1.52. 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 has a one year low of $15.58 and a one year high of $23.49.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.07. Radian Group had a net margin of 9.91% and a return on equity of 13.53%. The firm had revenue of $317.90 million during the quarter, compared to analyst estimates of $322.32 million. During the same period in the previous year, the business posted $0.41 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. research analysts anticipate that Radian Group will post 2.41 earnings per share 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 is a positive change from Radian Group’s previous quarterly dividend of $0.00. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s dividend payout ratio is currently 0.55%.
A number of research analysts recently weighed in on RDN shares. Zacks Investment Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research report on Thursday, January 4th. Wells Fargo reissued a “hold” rating on shares of Radian Group in a research report on Thursday, January 18th. Deutsche Bank upgraded shares of Radian Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $24.00 to $28.00 in a report on Monday, January 8th. 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 report on Wednesday, December 20th. Finally, B. Riley downgraded shares of Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 target price for the company. in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $24.48.
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About Radian Group
Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.
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