US Bancorp DE lowered its stake in Radian Group Inc (NYSE:RDN) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,257 shares of the insurance provider’s stock after selling 13,645 shares during the quarter. US Bancorp DE’s holdings in Radian Group were worth $1,983,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerebellum GP LLC bought a new stake in shares of Radian Group during the 4th quarter valued at about $120,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Radian Group during the 3rd quarter valued at about $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Radian Group by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock valued at $243,000 after acquiring an additional 4,021 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of Radian Group during the 2nd quarter valued at about $204,000. Finally, OxFORD Asset Management LLP boosted its position in shares of Radian Group by 3.6% during the 2nd quarter. OxFORD Asset Management LLP now owns 15,824 shares of the insurance provider’s stock valued at $259,000 after acquiring an additional 555 shares during the last quarter. Institutional investors and hedge funds own 91.66% of the company’s stock.
RDN has been the subject of a number of research analyst reports. Deutsche Bank upgraded Radian Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $24.00 to $28.00 in a research report on Monday, January 8th. BTIG Research reiterated a “buy” rating and set a $26.00 price target (up previously from $22.00) on shares of Radian Group in a research report on Wednesday, December 20th. B. Riley reiterated a “buy” rating on shares of Radian Group in a research report on Monday, November 6th. Compass Point upgraded Radian Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.75 to $24.75 in a research report on Friday, October 27th. Finally, FBR & Co reiterated a “buy” rating on shares of Radian Group in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $24.68.
Radian Group Inc (NYSE:RDN) opened at $21.41 on Friday. The firm has a market capitalization of $4,620.00, a PE ratio of 21.20, a P/E/G ratio of 1.36 and a beta of 1.58. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. Radian Group Inc has a 1-year low of $15.58 and a 1-year high of $23.49.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.07. The company had revenue of $317.90 million for the quarter, compared to analysts’ expectations of $322.32 million. Radian Group had a return on equity of 13.59% and a net margin of 9.91%. Radian Group’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. research analysts anticipate that Radian Group Inc will post 2.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 26th will be issued a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.05%. This is a boost from Radian Group’s previous quarterly dividend of $0.00. The ex-dividend date is Friday, February 23rd. Radian Group’s dividend payout ratio (DPR) is currently 0.99%.
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About Radian Group
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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