Radian Group Inc (RDN) Short Interest Down 43.2% in January

Radian Group Inc (NYSE:RDN) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,305,185 shares, a decline of 43.2% from the January 12th total of 2,298,646 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 989,351 shares, the days-to-cover ratio is currently 1.3 days.

Radian Group (NYSE:RDN) opened at $21.51 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34. Radian Group has a one year low of $15.58 and a one year high of $23.49. The firm has a market capitalization of $4,640.00, a P/E ratio of 39.11, a P/E/G ratio of 1.34 and a beta of 1.58.

Radian Group (NYSE:RDN) last issued its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.07. Radian Group had a return on equity of 13.59% and a net margin of 9.91%. The business had revenue of $317.90 million for the quarter, compared to the consensus estimate of $322.32 million. During the same period last year, the business earned $0.41 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. research analysts predict that Radian Group will post 2.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 26th will be paid a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis 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 (DPR) is presently 1.82%.

RDN has been the subject of several research reports. Royal Bank of Canada initiated coverage on Radian Group in a report on Wednesday, December 20th. They set an “outperform” rating and a $26.00 price target for the company. Zacks Investment Research lowered Radian Group from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Compass Point upgraded Radian Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.75 to $24.75 in a report on Friday, October 27th. ValuEngine upgraded Radian Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, B. Riley reiterated a “buy” rating on shares of Radian Group in a report 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 given a strong buy rating to the company. Radian Group currently has a consensus rating of “Buy” and an average price target of $24.68.

Several hedge funds have recently modified their holdings of RDN. Wealthcare Advisory Partners LLC bought a new position in shares of Radian Group in the 3rd quarter valued at approximately $110,000. Cerebellum GP LLC bought a new position in shares of Radian Group in the 4th quarter valued at approximately $120,000. Meeder Asset Management Inc. raised its stake in shares of Radian Group by 75.9% in the 4th quarter. Meeder Asset Management Inc. now owns 7,463 shares of the insurance provider’s stock valued at $153,000 after acquiring an additional 3,220 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of Radian Group in the 2nd quarter valued at approximately $204,000. Finally, Virtu Financial LLC bought a new position in shares of Radian Group in the 4th quarter valued at approximately $204,000. 91.66% of the stock is currently owned by institutional investors and hedge funds.

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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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