Radian Group Target of Unusually High Options Trading (RDN)

Radian Group Inc (NYSE:RDN) was the target of some unusual options trading on Tuesday. Stock investors purchased 3,141 call options on the stock. This is an increase of approximately 1,220% compared to the average volume of 238 call options.

Several brokerages have recently issued reports on RDN. Zacks Investment Research lowered Radian Group from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered Radian Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Barclays set a $21.00 target price on Radian Group and gave the company a “buy” rating in a research note on Friday, December 14th. Finally, Compass Point set a $26.00 target price on Radian Group and gave the company a “buy” rating in a research note on Thursday, November 1st. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $22.50.

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Radian Group by 13.5% in the fourth quarter. Geode Capital Management LLC now owns 2,702,573 shares of the insurance provider’s stock worth $44,214,000 after acquiring an additional 322,154 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Radian Group by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 338,677 shares of the insurance provider’s stock worth $5,541,000 after acquiring an additional 8,025 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Radian Group by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,701,451 shares of the insurance provider’s stock worth $44,193,000 after acquiring an additional 193,296 shares in the last quarter. United Services Automobile Association increased its holdings in shares of Radian Group by 9.2% in the fourth quarter. United Services Automobile Association now owns 231,063 shares of the insurance provider’s stock worth $3,780,000 after acquiring an additional 19,377 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in shares of Radian Group in the fourth quarter worth about $450,000. 91.36% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:RDN opened at $19.82 on Thursday. Radian Group has a 1-year low of $14.06 and a 1-year high of $22.29. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 1.42 and a beta of 1.58.

Radian Group (NYSE:RDN) last released its earnings results on Friday, February 8th. The insurance provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.04. Radian Group had a return on equity of 18.33% and a net margin of 47.60%. The firm had revenue of $331.50 million for the quarter, compared to analyst estimates of $342.07 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Research analysts anticipate that Radian Group will post 2.76 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Monday, February 18th will be paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.05%. The ex-dividend date of this dividend is Thursday, February 14th. Radian Group’s payout ratio is 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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