Clearbridge Investments LLC boosted its holdings in Radian Group Inc (NYSE:RDN) by 1,150,026.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 782,086 shares of the insurance provider’s stock after acquiring an additional 782,018 shares during the quarter. Clearbridge Investments LLC owned about 0.37% of Radian Group worth $16,166,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new stake in Radian Group in the third quarter valued at $106,000. Moneta Group Investment Advisors LLC grew its holdings in Radian Group by 102.0% in the second quarter. Moneta Group Investment Advisors LLC now owns 8,615 shares of the insurance provider’s stock valued at $140,000 after purchasing an additional 4,350 shares during the last quarter. Quantum Capital Management acquired a new stake in Radian Group in the second quarter valued at $179,000. Creative Planning acquired a new stake in Radian Group in the third quarter valued at $229,000. Finally, Signaturefd LLC grew its holdings in Radian Group by 18,072.3% in the second quarter. Signaturefd LLC now owns 15,083 shares of the insurance provider’s stock valued at $245,000 after purchasing an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 91.67% of the company’s stock.
A number of research firms recently commented on RDN. Compass Point set a $26.00 price objective on Radian Group and gave the company a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research raised Radian Group from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Thursday. ValuEngine lowered Radian Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Finally, Barclays set a $21.00 price objective on Radian Group and gave the company a “buy” rating in a research note on Friday, December 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $22.50.
NYSE RDN traded up $0.14 during trading hours on Monday, hitting $18.04. 1,020,830 shares of the company’s stock were exchanged, compared to its average volume of 1,040,774. Radian Group Inc has a 12-month low of $14.06 and a 12-month high of $23.49. The company has a market capitalization of $3.85 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.31 and a beta of 1.43. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31.
Radian Group (NYSE:RDN) last released its earnings results on Wednesday, October 31st. The insurance provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. Radian Group had a return on equity of 17.34% and a net margin of 37.56%. The firm had revenue of $330.70 million for the quarter, compared to the consensus estimate of $334.59 million. During the same period in the prior year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that Radian Group Inc will post 2.65 EPS for the current year.
Radian Group Company Profile
Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.
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