Ameriprise Financial Inc. cut its position in Radian Group Inc. (NYSE:RDN) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,627,345 shares of the insurance provider’s stock after selling 234,327 shares during the period. Ameriprise Financial Inc. owned about 0.76% of Radian Group worth $29,226,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. Searle & CO. purchased a new position in Radian Group during the fourth quarter valued at approximately $5,092,000. Macquarie Group Ltd. boosted its stake in shares of Radian Group by 181.9% in the fourth quarter. Macquarie Group Ltd. now owns 195,900 shares of the insurance provider’s stock worth $3,522,000 after buying an additional 126,400 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Radian Group during the fourth quarter worth about $3,435,000. Norges Bank acquired a new stake in shares of Radian Group during the fourth quarter worth about $40,321,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Radian Group by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,812,816 shares of the insurance provider’s stock worth $50,575,000 after buying an additional 71,693 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
Radian Group Inc. (NYSE RDN) remained flat at $17.00 on Friday. 2,785,733 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $16.63 and a 200 day moving average of $17.74. The company has a market capitalization of $3.66 billion, a PE ratio of 11.91 and a beta of 1.75. Radian Group Inc. has a 52-week low of $9.29 and a 52-week high of $19.87.
Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, April 27th. The insurance provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.43 by $0.06. Radian Group had a net margin of 26.23% and a return on equity of 12.26%. The company had revenue of $288.80 million for the quarter, compared to analyst estimates of $304.96 million. During the same period last year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities analysts anticipate that Radian Group Inc. will post $1.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 5th. Investors of record on Monday, May 22nd were given a dividend of $0.0025 per share. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $0.01 annualized dividend and a yield of 0.06%. Radian Group’s dividend payout ratio (DPR) is presently 0.70%.
A number of brokerages have issued reports on RDN. BidaskClub raised shares of Radian Group from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine raised shares of Radian Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 target price on shares of Radian Group in a report on Tuesday, May 30th. Deutsche Bank AG decreased their price target on shares of Radian Group from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Finally, Zacks Investment Research cut shares of Radian Group from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.88.
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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