Strs Ohio boosted its position in Radian Group Inc (NYSE:RDN) by 202.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,200 shares of the insurance provider’s stock after purchasing an additional 56,400 shares during the quarter. Strs Ohio’s holdings in Radian Group were worth $1,746,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Radian Group by 0.4% in the fourth quarter. FMR LLC now owns 19,158,659 shares of the insurance provider’s stock worth $313,435,000 after buying an additional 73,454 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Radian Group by 3.4% in the fourth quarter. BlackRock Inc. now owns 15,678,772 shares of the insurance provider’s stock worth $256,506,000 after buying an additional 515,334 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Radian Group by 0.7% in the fourth quarter. Northern Trust Corp now owns 5,160,146 shares of the insurance provider’s stock worth $84,420,000 after buying an additional 38,035 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Radian Group by 6.8% in the fourth quarter. Prudential Financial Inc. now owns 4,611,288 shares of the insurance provider’s stock worth $75,440,000 after buying an additional 295,162 shares during the last quarter. Finally, Investec Asset Management LTD lifted its stake in shares of Radian Group by 2.1% in the fourth quarter. Investec Asset Management LTD now owns 4,247,777 shares of the insurance provider’s stock worth $69,494,000 after buying an additional 85,656 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.
Several equities analysts recently commented on the stock. MKM Partners boosted their price target on shares of Radian Group to $30.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research lowered shares of Radian Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. ValuEngine raised shares of Radian Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Compass Point reissued a “buy” rating and issued a $30.00 price target (up previously from $26.50) on shares of Radian Group in a report on Thursday, May 2nd. Finally, Bank of America reaffirmed a “buy” rating and issued a $27.00 target price (up previously from $23.00) on shares of Radian Group in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Radian Group has a consensus rating of “Hold” and an average price target of $24.71.
NYSE:RDN traded up $0.07 during mid-day trading on Wednesday, reaching $22.83. 747,000 shares of the company were exchanged, compared to its average volume of 1,310,638. Radian Group Inc has a 12 month low of $14.77 and a 12 month high of $24.62. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.28. The firm has a market cap of $4.73 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.59 and a beta of 1.63.
Radian Group (NYSE:RDN) last released its earnings results on Tuesday, April 30th. The insurance provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Radian Group had a net margin of 49.25% and a return on equity of 17.82%. The company had revenue of $363.63 million for the quarter, compared to the consensus estimate of $342.44 million. During the same period in the prior year, the company posted $0.59 EPS. The company’s revenue was up 24.7% compared to the same quarter last year. As a group, equities analysts predict that Radian Group Inc will post 2.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 27th will be given a $0.0025 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.04%. Radian Group’s dividend payout ratio is 0.37%.
About Radian Group
Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.
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