Court Place Advisors LLC Maintains Stake in Radian Group Inc. (NYSE:RDN)

Court Place Advisors LLC maintained its position in Radian Group Inc. (NYSE:RDN) during the second quarter, Holdings Channel reports. The firm owned 28,000 shares of the insurance provider’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in Radian Group were worth $458,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Capital One National Association increased its position in Radian Group by 0.9% in the first quarter. Capital One National Association now owns 26,450 shares of the insurance provider’s stock valued at $475,000 after buying an additional 243 shares during the last quarter. Ngam Advisors L.P. increased its position in Radian Group by 3.6% in the first quarter. Ngam Advisors L.P. now owns 17,395 shares of the insurance provider’s stock valued at $312,000 after buying an additional 597 shares during the last quarter. Penserra Capital Management LLC increased its position in Radian Group by 4.9% in the first quarter. Penserra Capital Management LLC now owns 21,266 shares of the insurance provider’s stock valued at $381,000 after buying an additional 984 shares during the last quarter. Colony Group LLC increased its position in Radian Group by 1.3% in the first quarter. Colony Group LLC now owns 133,020 shares of the insurance provider’s stock valued at $2,389,000 after buying an additional 1,685 shares during the last quarter. Finally, Swiss National Bank increased its position in Radian Group by 0.7% in the first quarter. Swiss National Bank now owns 354,650 shares of the insurance provider’s stock valued at $6,370,000 after buying an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 92.33% of the company’s stock.

Radian Group Inc. (RDN) traded up 1.04% on Friday, reaching $17.54. The company had a trading volume of 1,373,314 shares. The stock has a market capitalization of $3.77 billion, a PE ratio of 12.29 and a beta of 1.60. Radian Group Inc. has a 12-month low of $11.92 and a 12-month high of $19.87. The stock’s 50 day moving average price is $16.82 and its 200-day moving average price is $17.75.

Radian Group (NYSE:RDN) last announced 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. The company had revenue of $288.80 million during the quarter, compared to analysts’ expectations of $304.96 million. Radian Group had a return on equity of 12.26% and a net margin of 26.23%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. Equities analysts expect that Radian Group Inc. will post $1.63 earnings per share for the current fiscal year.

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Several equities analysts recently commented on the company. BidaskClub upgraded Radian Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded Radian Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine upgraded Radian Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 7th. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 target price on shares of Radian Group in a research report on Friday, April 28th. Finally, Deutsche Bank AG dropped their target price on Radian Group from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target 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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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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