Radian Group Inc. (RDN) Position Maintained by Wsfs Capital Management LLC

Wsfs Capital Management LLC maintained its stake in Radian Group Inc. (NYSE:RDN) during the first quarter, according to its most recent filing with the SEC. The fund owned 21,511 shares of the insurance provider’s stock at the end of the first quarter. Wsfs Capital Management LLC’s holdings in Radian Group were worth $386,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Ngam Advisors L.P. raised its stake in Radian Group by 3.6% in the first quarter. Ngam Advisors L.P. now owns 17,395 shares of the insurance provider’s stock worth $312,000 after buying an additional 597 shares in the last quarter. Legal & General Group Plc increased its position in shares of Radian Group by 12.1% in the first quarter. Legal & General Group Plc now owns 83,403 shares of the insurance provider’s stock worth $1,495,000 after buying an additional 9,006 shares during the last quarter. Investec Asset Management North America Inc. increased its position in Radian Group by 310.1% in the first quarter. Investec Asset Management North America Inc. now owns 50,011 shares of the insurance provider’s stock valued at $898,000 after buying an additional 37,816 shares in the last quarter. Investec Asset Management LTD increased its position in Radian Group by 377.1% in the first quarter. Investec Asset Management LTD now owns 5,731,122 shares of the insurance provider’s stock valued at $102,931,000 after buying an additional 4,529,893 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Radian Group by 1.3% in the first quarter. California Public Employees Retirement System now owns 415,200 shares of the insurance provider’s stock valued at $7,457,000 after buying an additional 5,500 shares in the last quarter. 92.60% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Radian Group Inc. (NYSE RDN) traded down 1.64% during trading on Tuesday, hitting $16.82. 338,738 shares of the stock were exchanged. Radian Group Inc. has a 12-month low of $9.29 and a 12-month high of $19.87. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 11.79 and a beta of 1.75. The stock’s 50 day moving average is $16.64 and its 200-day moving average is $17.80.

Radian Group (NYSE:RDN) last released its earnings results on Thursday, April 27th. The insurance provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.06. Radian Group had a net margin of 26.23% and a return on equity of 12.26%. The firm had revenue of $288.80 million during the quarter, compared to the consensus estimate of $304.96 million. During the same period in the prior year, the business posted $0.37 earnings per share. Radian Group’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities research analysts anticipate that Radian Group Inc. will post $1.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Monday, May 22nd were given a $0.0025 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.06%. Radian Group’s payout ratio is presently 0.70%.

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Several equities research analysts have recently weighed in on RDN shares. BidaskClub upgraded shares of Radian Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. ValuEngine raised shares of Radian Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 price target on shares of Radian Group in a report on Friday, April 28th. Zacks Investment Research cut shares of Radian Group from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Finally, Deutsche Bank AG dropped their target price on shares of Radian Group from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Radian Group presently has an average rating of “Buy” and an average target price of $20.88.

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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