ClariVest Asset Management LLC grew its position in Radian Group Inc (NYSE:RDN) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,219 shares of the insurance provider’s stock after acquiring an additional 1,800 shares during the quarter. ClariVest Asset Management LLC’s holdings in Radian Group were worth $3,357,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in RDN. Janney Montgomery Scott LLC purchased a new position in shares of Radian Group in the 4th quarter valued at approximately $604,000. State Board of Administration of Florida Retirement System raised its position in shares of Radian Group by 49.4% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 248,614 shares of the insurance provider’s stock valued at $4,067,000 after purchasing an additional 82,163 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Radian Group by 71.5% in the 4th quarter. SG Americas Securities LLC now owns 160,283 shares of the insurance provider’s stock valued at $2,622,000 after purchasing an additional 66,798 shares during the last quarter. Rhumbline Advisers raised its position in shares of Radian Group by 38.9% in the 4th quarter. Rhumbline Advisers now owns 338,498 shares of the insurance provider’s stock valued at $5,538,000 after purchasing an additional 94,880 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in shares of Radian Group by 35.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 46,285 shares of the insurance provider’s stock valued at $757,000 after purchasing an additional 12,200 shares during the last quarter. 91.36% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. ValuEngine raised shares of Radian Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. Zacks Investment Research lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Compass Point set a $26.00 price objective on shares of Radian Group and gave the company a “buy” rating in a research report on Thursday, November 1st. Finally, Barclays set a $21.00 price objective on shares of Radian Group and gave the company a “buy” rating in a research report on Friday, December 14th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.50.
Shares of NYSE RDN opened at $19.82 on Thursday. The company has a market cap of $4.25 billion, a PE ratio of 7.37, a PEG ratio of 1.42 and a beta of 1.58. Radian Group Inc has a 12 month low of $14.06 and a 12 month high of $22.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 1.53.
Radian Group (NYSE:RDN) last released its quarterly earnings results on Friday, February 8th. The insurance provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. Radian Group had a net margin of 47.60% and a return on equity of 18.33%. The firm had revenue of $331.50 million for the quarter, compared to analysts’ expectations of $342.07 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts forecast that Radian Group Inc will post 2.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Monday, February 18th will be paid a $0.0025 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. Radian Group’s dividend payout ratio is currently 0.37%.
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About Radian Group
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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