Mirae Asset Global Investments Co. Ltd. boosted its holdings in Radian Group Inc. (NYSE:RDN – Get Rating) by 22.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,630 shares of the insurance provider’s stock after acquiring an additional 29,091 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Radian Group worth $2,987,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in Radian Group by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,368,978 shares of the insurance provider’s stock worth $83,317,000 after acquiring an additional 50,886 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Radian Group by 134.2% during the third quarter. Quantbot Technologies LP now owns 35,595 shares of the insurance provider’s stock valued at $686,000 after buying an additional 20,399 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Radian Group by 33.4% during the third quarter. California Public Employees Retirement System now owns 436,508 shares of the insurance provider’s stock valued at $8,420,000 after buying an additional 109,399 shares during the last quarter. Factorial Partners LLC raised its holdings in shares of Radian Group by 278.1% during the third quarter. Factorial Partners LLC now owns 58,600 shares of the insurance provider’s stock valued at $1,130,000 after buying an additional 43,100 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Radian Group during the fourth quarter valued at approximately $13,107,000. Institutional investors own 94.37% of the company’s stock.
Wall Street Analysts Forecast Growth
RDN has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Radian Group in a report on Thursday, May 18th. They set a “hold” rating on the stock. Roth Capital reaffirmed a “buy” rating on shares of Radian Group in a report on Thursday, February 9th. Compass Point upgraded shares of Radian Group from a “neutral” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Tuesday, April 11th. Royal Bank of Canada raised their price objective on shares of Radian Group from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, February 10th. Finally, Bank of America lowered shares of Radian Group from a “buy” rating to an “underperform” rating in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Radian Group has a consensus rating of “Hold” and a consensus target price of $24.64.
Insider Buying and Selling at Radian Group
Radian Group Price Performance
NYSE RDN opened at $25.27 on Thursday. The stock has a market capitalization of $3.95 billion, a P/E ratio of 5.82, a P/E/G ratio of 1.55 and a beta of 1.15. Radian Group Inc. has a 1 year low of $17.83 and a 1 year high of $26.06. The business’s fifty day moving average is $23.27 and its two-hundred day moving average is $21.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.10 and a current ratio of 1.10.
Radian Group (NYSE:RDN – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.23. Radian Group had a return on equity of 19.90% and a net margin of 59.55%. The company had revenue of $310.62 million for the quarter, compared to analysts’ expectations of $313.37 million. During the same quarter in the prior year, the company earned $1.17 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that Radian Group Inc. will post 3.28 earnings per share for the current fiscal year.
Radian Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 30th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, May 26th. Radian Group’s dividend payout ratio (DPR) is currently 20.74%.
Radian Group Company Profile
Radian Group, Inc is a holding company, which engages in the provision of mortgage insurance, risk management products, and real estate services to financial institutions. It operates through the Mortgage and Real Estate segments. The Mortgage segment offers credit-related insurance coverage, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.
- Get a free copy of the StockNews.com research report on Radian Group (RDN)
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