SG Americas Securities LLC lowered its holdings in shares of Radian Group Inc (NYSE:RDN) by 97.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 12,054 shares of the insurance provider’s stock after selling 541,145 shares during the period. SG Americas Securities LLC’s holdings in Radian Group were worth $196,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of RDN. Mount Yale Investment Advisors LLC acquired a new position in shares of Radian Group during the 1st quarter worth $101,000. TLP Group LLC raised its holdings in shares of Radian Group by 136.5% during the 1st quarter. TLP Group LLC now owns 8,920 shares of the insurance provider’s stock worth $170,000 after buying an additional 5,149 shares in the last quarter. GWM Advisors LLC acquired a new position in shares of Radian Group during the 1st quarter worth $206,000. Private Advisor Group LLC acquired a new position in shares of Radian Group during the 1st quarter worth $292,000. Finally, Element Capital Management LLC acquired a new position in shares of Radian Group during the 1st quarter worth $293,000. 92.13% of the stock is owned by institutional investors.
Shares of RDN opened at $20.22 on Friday. Radian Group Inc has a 12-month low of $14.06 and a 12-month high of $23.49. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.59 and a beta of 1.49.
Radian Group (NYSE:RDN) last issued its earnings results on Thursday, July 26th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. Radian Group had a return on equity of 16.10% and a net margin of 31.87%. The business had revenue of $319.30 million during the quarter, compared to analysts’ expectations of $320.34 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. research analysts forecast that Radian Group Inc will post 2.54 earnings per share for the current fiscal year.
Radian Group declared that its Board of Directors has initiated a share repurchase program on Thursday, August 16th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the insurance provider to reacquire up to 2.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Monday, August 27th were issued a $0.0025 dividend. The ex-dividend date of this dividend was Friday, August 24th. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. Radian Group’s payout ratio is presently 0.55%.
RDN has been the subject of a number of research analyst reports. ValuEngine cut Radian Group from a “hold” rating to a “sell” rating in a report on Monday, June 4th. MKM Partners lowered their price target on Radian Group from $27.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, June 5th. Zacks Investment Research cut Radian Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Royal Bank of Canada reissued a “hold” rating and set a $21.00 price target on shares of Radian Group in a report on Friday, July 27th. Finally, TheStreet raised Radian Group from a “c+” rating to a “b-” rating in a report on Tuesday, July 31st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $23.11.
Radian Group Company Profile
Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.
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