UBS Asset Management Americas Inc. increased its position in shares of Radian Group Inc. (NYSE:RDN) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 153,089 shares of the company’s stock after buying an additional 1,846 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.07% of Radian Group worth $1,595,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Fox Run Management L.L.C. acquired a new stake in shares of Radian Group during the second quarter valued at $126,000. Genesee Valley Trust Co. raised its stake in shares of Radian Group by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 12,216 shares of the company’s stock valued at $127,000 after buying an additional 274 shares during the period. Calvert Investment Management Inc. acquired a new stake in shares of Radian Group during the second quarter valued at $172,000. Strs Ohio raised its stake in shares of Radian Group by 22.8% in the second quarter. Strs Ohio now owns 18,300 shares of the company’s stock valued at $190,000 after buying an additional 3,400 shares during the period. Finally, Virginia Retirement System acquired a new stake in shares of Radian Group during the first quarter valued at $284,000. 93.38% of the stock is currently owned by institutional investors.
Shares of Radian Group Inc. (NYSE:RDN) traded up 1.79% on Wednesday, hitting $13.62. The company’s stock had a trading volume of 499,489 shares. The company has a 50 day moving average of $13.61 and a 200 day moving average of $12.38. The firm has a market cap of $2.92 billion, a PE ratio of 10.21 and a beta of 2.01. Radian Group Inc. has a 1-year low of $9.29 and a 1-year high of $16.95.
Radian Group (NYSE:RDN) last released its earnings results on Thursday, July 28th. The company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. Radian Group had a return on equity of 12.64% and a net margin of 25.42%. The business had revenue of $330.20 million for the quarter, compared to the consensus estimate of $224.68 million. During the same period last year, the business earned $0.40 earnings per share. Equities analysts forecast that Radian Group Inc. will post $1.54 EPS for the current year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Radian Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. FBR & Co reissued an “outperform” rating on shares of Radian Group in a research report on Friday, September 23rd. BTIG Research set a $22.00 target price on Radian Group and gave the stock a “buy” rating in a research report on Thursday, September 15th. Finally, TheStreet raised Radian Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $16.75.
In other Radian Group news, EVP Derek Brummer purchased 16,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was purchased at an average price of $12.87 per share, for a total transaction of $205,920.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.83% of the company’s stock.
About Radian Group
Radian Group Inc is a 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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