William Blair Investment Management LLC lowered its holdings in Radian Group Inc (NYSE:RDN) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,662,642 shares of the insurance provider’s stock after selling 16,364 shares during the quarter. William Blair Investment Management LLC’s holdings in Radian Group were worth $34,267,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of RDN. Wealthcare Advisory Partners LLC purchased a new stake in Radian Group in the third quarter valued at $110,000. Cerebellum GP LLC purchased a new stake in Radian Group in the fourth quarter valued at $120,000. Meeder Asset Management Inc. raised its position in Radian Group by 75.9% in the fourth quarter. Meeder Asset Management Inc. now owns 7,463 shares of the insurance provider’s stock valued at $153,000 after purchasing an additional 3,220 shares during the period. Virtu Financial LLC purchased a new stake in Radian Group in the fourth quarter valued at $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Radian Group by 51.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock valued at $243,000 after purchasing an additional 4,021 shares during the period. Institutional investors own 94.48% of the company’s stock.
A number of research firms have commented on RDN. ValuEngine upgraded Radian Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Barclays lifted their price objective on Radian Group from $29.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Radian Group in a research note on Friday, February 2nd. Wells Fargo reaffirmed a “hold” rating on shares of Radian Group in a research note on Thursday, January 18th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $26.00 price objective (up from $22.00) on shares of Radian Group in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $24.68.
Radian Group (NYSE:RDN) last issued 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. Radian Group had a return on equity of 13.53% and a net margin of 9.91%. The business had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $322.32 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. sell-side analysts predict that Radian Group Inc will post 2.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 26th were paid a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.05%. This is a boost from Radian Group’s previous quarterly dividend of $0.00. The ex-dividend date was Friday, February 23rd. Radian Group’s payout ratio is presently 1.85%.
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Radian Group 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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