Sadoff Investment Management LLC decreased its stake in Radian Group Inc. (NYSE:RDN) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 903,175 shares of the insurance provider’s stock after selling 23,250 shares during the period. Radian Group makes up 1.2% of Sadoff Investment Management LLC’s portfolio, making the stock its 28th largest position. Sadoff Investment Management LLC’s holdings in Radian Group were worth $13,195,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in Radian Group by 146.8% during the second quarter. Goldman Sachs Group Inc. now owns 8,350,819 shares of the insurance provider’s stock valued at $129,521,000 after acquiring an additional 4,967,479 shares in the last quarter. LSV Asset Management grew its stake in Radian Group by 1.5% in the 2nd quarter. LSV Asset Management now owns 8,226,654 shares of the insurance provider’s stock worth $127,595,000 after buying an additional 125,550 shares in the last quarter. Victory Capital Management Inc. grew its stake in Radian Group by 182.9% in the 2nd quarter. Victory Capital Management Inc. now owns 3,674,867 shares of the insurance provider’s stock worth $56,998,000 after buying an additional 2,375,653 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Radian Group by 6.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,360,708 shares of the insurance provider’s stock worth $49,100,000 after buying an additional 199,331 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Radian Group by 66.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,116,026 shares of the insurance provider’s stock worth $30,915,000 after buying an additional 846,224 shares in the last quarter. 93.49% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have commented on RDN shares. B. Riley boosted their price target on shares of Radian Group from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, November 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Radian Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. They noted that the move was a valuation call. BTIG Research reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Radian Group in a research note on Friday, August 7th. TheStreet raised shares of Radian Group from a “c+” rating to a “b-” rating in a research note on Thursday, November 5th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Radian Group in a research note on Tuesday, August 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Radian Group presently has an average rating of “Buy” and an average target price of $24.20.
NYSE RDN traded down $0.28 during trading on Monday, hitting $19.24. The company had a trading volume of 14,059 shares, compared to its average volume of 2,080,270. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.40. Radian Group Inc. has a one year low of $9.53 and a one year high of $26.32. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 2.45 and a beta of 1.63. The company’s fifty day moving average is $18.25 and its 200-day moving average is $16.01.
Radian Group (NYSE:RDN) last issued its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.11. Radian Group had a net margin of 30.45% and a return on equity of 10.99%. The business had revenue of $375.23 million during the quarter, compared to analyst estimates of $327.40 million. During the same period in the prior year, the business earned $0.81 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities analysts anticipate that Radian Group Inc. will post 1.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Monday, November 23rd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.50 annualized dividend and a yield of 2.60%. Radian Group’s dividend payout ratio (DPR) is presently 15.58%.
About Radian Group
Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. The company operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.
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