Palisade Capital Management LLC NJ Invests $292,000 in Radian Group Inc. (NYSE:RDN)

Palisade Capital Management LLC NJ acquired a new stake in shares of Radian Group Inc. (NYSE:RDN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,878 shares of the insurance provider’s stock, valued at approximately $292,000.

A number of other hedge funds also recently made changes to their positions in the stock. Capital One National Association increased its stake in shares of Radian Group by 0.9% in the first quarter. Capital One National Association now owns 26,450 shares of the insurance provider’s stock valued at $475,000 after buying an additional 243 shares during the last quarter. Ngam Advisors L.P. increased its stake in shares of Radian Group by 3.6% in the first quarter. Ngam Advisors L.P. now owns 17,395 shares of the insurance provider’s stock valued at $312,000 after buying an additional 597 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Radian Group by 4.9% in the first quarter. Penserra Capital Management LLC now owns 21,266 shares of the insurance provider’s stock valued at $381,000 after buying an additional 984 shares during the last quarter. Colony Group LLC increased its stake in shares of Radian Group by 1.3% in the first quarter. Colony Group LLC now owns 133,020 shares of the insurance provider’s stock valued at $2,389,000 after buying an additional 1,685 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Radian Group by 0.7% in the first quarter. Swiss National Bank now owns 354,650 shares of the insurance provider’s stock valued at $6,370,000 after buying an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Shares of Radian Group Inc. (NYSE:RDN) opened at 17.76 on Thursday. The stock has a market capitalization of $3.82 billion, a PE ratio of 20.34 and a beta of 1.61. Radian Group Inc. has a 52 week low of $12.65 and a 52 week high of $19.87. The company has a 50-day moving average price of $17.14 and a 200 day moving average price of $17.70.

Radian Group (NYSE:RDN) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.08. The business had revenue of $302.91 million during the quarter, compared to analyst estimates of $299.07 million. Radian Group had a return on equity of 12.84% and a net margin of 16.26%. Radian Group’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS. Equities analysts forecast that Radian Group Inc. will post $1.73 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 21st will be given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.06%. Radian Group’s dividend payout ratio (DPR) is presently 1.18%.

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A number of equities analysts recently commented on RDN shares. Barclays PLC restated an “overweight” rating and set a $24.00 target price (down previously from $25.00) on shares of Radian Group in a report on Wednesday, August 2nd. BidaskClub upgraded Radian Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Radian Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 28th. ValuEngine upgraded Radian Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 7th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 target price on shares of Radian Group in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $20.75.

Radian Group Company Profile

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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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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