EJF Capital LLC bought a new stake in Radian Group Inc (NYSE:RDN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 150,000 shares of the insurance provider’s stock, valued at approximately $3,428,000. EJF Capital LLC owned approximately 0.07% of Radian Group as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. purchased a new stake in shares of Radian Group in the second quarter worth approximately $87,000. NN Investment Partners Holdings N.V. increased its holdings in Radian Group by 39.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 8,538 shares of the insurance provider’s stock worth $196,000 after buying an additional 2,400 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC increased its holdings in Radian Group by 5.6% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 10,562 shares of the insurance provider’s stock worth $219,000 after buying an additional 562 shares during the last quarter. Creative Planning acquired a new position in Radian Group in the second quarter worth approximately $224,000. Finally, BB&T Securities LLC acquired a new position in Radian Group in the second quarter worth approximately $225,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.
RDN stock traded up $0.66 during midday trading on Thursday, hitting $23.97. 299,204 shares of the company traded hands, compared to its average volume of 1,074,517. Radian Group Inc has a twelve month low of $14.77 and a twelve month high of $24.62. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.29. The business has a 50 day simple moving average of $22.71 and a 200-day simple moving average of $22.54. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a $0.002 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.01 annualized dividend and a dividend yield of 0.03%. Radian Group’s dividend payout ratio is 0.37%.
A number of equities analysts recently commented on the company. BTIG Research restated a “buy” rating and issued a $29.00 price objective on shares of Radian Group in a report on Thursday, August 1st. B. Riley set a $27.00 price objective on Radian Group and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Barclays reiterated a “buy” rating and set a $27.00 price target on shares of Radian Group in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Radian Group presently has an average rating of “Buy” and a consensus target price of $27.14.
Radian Group Profile
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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