QS Investors LLC lessened its stake in shares of Radian Group Inc (NYSE:RDN) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 282,429 shares of the insurance provider’s stock after selling 2,924 shares during the period. QS Investors LLC owned 0.13% of Radian Group worth $5,821,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Sadoff Investment Management LLC grew its holdings in Radian Group by 0.3% during the third 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 period. Aperio Group LLC grew its holdings in Radian Group by 6.4% during the fourth 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 period. ETRADE Capital Management LLC grew its holdings in Radian Group by 23.3% during the fourth quarter. ETRADE Capital Management LLC now owns 16,646 shares of the insurance provider’s stock valued at $343,000 after purchasing an additional 3,149 shares during the period. Meeder Asset Management Inc. grew its holdings in Radian Group by 75.9% during 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. Finally, Schroder Investment Management Group grew its holdings in Radian Group by 9.9% during the fourth quarter. Schroder Investment Management Group now owns 40,219 shares of the insurance provider’s stock valued at $829,000 after purchasing an additional 3,631 shares during the period. 94.49% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on the company. Wells Fargo & Co reissued a “hold” rating on shares of Radian Group in a report on Tuesday. Royal Bank of Canada reissued a “buy” rating on shares of Radian Group 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 report on Friday, February 2nd. ValuEngine raised Radian Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, Deutsche Bank raised Radian Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $24.00 to $28.00 in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Radian Group currently has an average rating of “Buy” and an average price target of $24.68.
Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. The firm had revenue of $317.90 million during the quarter, compared to analyst estimates of $322.32 million. Radian Group had a return on equity of 13.53% and a net margin of 9.91%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. research analysts forecast that Radian Group Inc will post 2.41 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were paid a $0.0025 dividend. This is a positive change from Radian Group’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.05%. Radian Group’s dividend payout ratio is 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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