Sterling Capital Management LLC decreased its holdings in shares of Radian Group Inc (NYSE:RDN) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 230,483 shares of the insurance provider’s stock after selling 48,780 shares during the quarter. Sterling Capital Management LLC owned approximately 0.11% of Radian Group worth $4,750,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in RDN. Swiss National Bank grew its stake in Radian Group by 1.9% in the 4th quarter. Swiss National Bank now owns 366,650 shares of the insurance provider’s stock valued at $7,557,000 after buying an additional 7,000 shares during the last quarter. Bailard Inc. acquired a new position in Radian Group in the 4th quarter valued at $433,000. Crestline Management LP grew its stake in Radian Group by 57.5% in the 3rd quarter. Crestline Management LP now owns 66,804 shares of the insurance provider’s stock valued at $1,249,000 after buying an additional 24,388 shares during the last quarter. Nordea Investment Management AB grew its stake in Radian Group by 45.8% in the 3rd quarter. Nordea Investment Management AB now owns 639,207 shares of the insurance provider’s stock valued at $11,947,000 after buying an additional 200,673 shares during the last quarter. Finally, Royce & Associates LP grew its stake in Radian Group by 65.9% in the 3rd quarter. Royce & Associates LP now owns 693,500 shares of the insurance provider’s stock valued at $12,962,000 after buying an additional 275,500 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.
A number of research firms recently issued reports on RDN. Macquarie began coverage on shares of Radian Group in a research note on Wednesday, March 14th. They issued a “neutral” rating on the stock. Deutsche Bank reissued a “buy” rating on shares of Radian Group in a report on Wednesday, March 14th. Wells Fargo assumed coverage on shares of Radian Group in a report on Tuesday, November 28th. They issued a “market perform” rating and a $22.00 price target for the company. ValuEngine downgraded shares of Radian Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 14th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Radian Group in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.68.
Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. The company had revenue of $317.90 million during the quarter, compared to the consensus estimate of $322.32 million. Radian Group had a net margin of 9.91% and a return on equity of 13.53%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. research analysts anticipate that Radian Group Inc will post 2.41 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were 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 an increase from Radian Group’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s dividend payout ratio (DPR) is presently 1.85%.
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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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