Boston Partners lowered its stake in Radian Group Inc (NYSE:RDN) by 21.0% in the 4th quarter, HoldingsChannel reports. The fund owned 2,767,342 shares of the insurance provider’s stock after selling 737,230 shares during the quarter. Boston Partners’ holdings in Radian Group were worth $57,035,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Radian Group by 51.7% in the 4th 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. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Radian Group during the 4th quarter worth $1,408,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Radian Group by 63.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,198,600 shares of the insurance provider’s stock worth $45,313,000 after purchasing an additional 856,375 shares during the period. APG Asset Management N.V. raised its stake in shares of Radian Group by 159.3% during the 4th quarter. APG Asset Management N.V. now owns 1,617,100 shares of the insurance provider’s stock worth $27,755,000 after purchasing an additional 993,400 shares during the period. Finally, Cerebellum GP LLC bought a new stake in shares of Radian Group during the 4th quarter worth $120,000. 92.30% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the company. BTIG Research reiterated a “buy” rating and set a $26.00 target price (up from $22.00) on shares of Radian Group in a research note on Wednesday, December 20th. Zacks Investment Research upgraded Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research note on Thursday, January 4th. Barclays lifted their target price on Radian Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Co reiterated a “hold” rating on shares of Radian Group in a research note on Thursday, January 18th. Finally, Deutsche Bank lifted their target price on Radian Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $24.52.
Shares of Radian Group Inc (NYSE RDN) opened at $21.69 on Tuesday. Radian Group Inc has a 52 week low of $15.58 and a 52 week high of $23.49. The stock has a market capitalization of $4,842.87, a PE ratio of 40.17, a P/E/G ratio of 1.88 and a beta of 1.58. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.07. Radian Group had a return on equity of 13.59% and a net margin of 9.91%. The business had revenue of $317.90 million for the quarter, compared to analysts’ expectations of $322.32 million. During the same period in the previous year, the business posted $0.41 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. equities analysts anticipate that Radian Group Inc will post 2.39 earnings per share for the current fiscal year.
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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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