Radian Group Inc (RDN) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in Radian Group Inc (NYSE:RDN) by 84.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,800 shares of the insurance provider’s stock after selling 284,332 shares during the period. JPMorgan Chase & Co.’s holdings in Radian Group were worth $972,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Radian Group by 5.0% during the second quarter. Vanguard Group Inc. now owns 18,116,304 shares of the insurance provider’s stock worth $296,201,000 after purchasing an additional 859,950 shares during the period. Northern Trust Corp increased its stake in shares of Radian Group by 24.6% during the second quarter. Northern Trust Corp now owns 5,305,329 shares of the insurance provider’s stock worth $86,742,000 after purchasing an additional 1,048,954 shares during the period. Capital World Investors increased its stake in shares of Radian Group by 42.7% during the second quarter. Capital World Investors now owns 4,930,000 shares of the insurance provider’s stock worth $80,606,000 after purchasing an additional 1,475,000 shares during the period. Boston Partners increased its stake in shares of Radian Group by 2.7% during the third quarter. Boston Partners now owns 3,504,572 shares of the insurance provider’s stock worth $65,500,000 after purchasing an additional 92,553 shares during the period. Finally, Brandywine Global Investment Management LLC increased its stake in shares of Radian Group by 35.0% during the second quarter. Brandywine Global Investment Management LLC now owns 2,803,187 shares of the insurance provider’s stock worth $45,833,000 after purchasing an additional 726,525 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

A number of brokerages have recently weighed in on RDN. ValuEngine lowered Radian Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. FBR & Co reiterated a “buy” rating on shares of Radian Group in a research note on Thursday, October 26th. Susquehanna Bancshares set a $22.00 target price on Radian Group and gave the stock a “buy” rating in a research note on Monday, October 16th. BTIG Research reiterated a “buy” rating and set a $22.00 target price on shares of Radian Group in a research note on Sunday, October 15th. Finally, Compass Point upgraded Radian Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.75 to $24.75 in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $23.89.

Shares of Radian Group Inc (RDN) opened at $22.13 on Friday. The stock has a market capitalization of $4,770.00, a P/E ratio of 28.01, a P/E/G ratio of 1.93 and a beta of 1.57. Radian Group Inc has a 12-month low of $15.58 and a 12-month high of $22.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23.

Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. The business had revenue of $312.05 million for the quarter, compared to the consensus estimate of $321.10 million. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. analysts forecast that Radian Group Inc will post 1.75 EPS for the current fiscal year.

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Radian Group 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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