Investec Asset Management LTD bought a new stake in Radian Group Inc. (NYSE:RDN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,201,229 shares of the company’s stock, valued at approximately $21,598,000.
Several other hedge funds have also modified their holdings of the company. Chartwell Investment Partners LLC acquired a new stake in shares of Radian Group during the third quarter valued at approximately $53,385,000. Pioneer Investment Management Inc. acquired a new stake in shares of Radian Group during the third quarter valued at approximately $23,722,000. Vanguard Group Inc. boosted its stake in shares of Radian Group by 8.3% in the second quarter. Vanguard Group Inc. now owns 15,274,403 shares of the company’s stock valued at $159,160,000 after buying an additional 1,171,634 shares during the period. Boston Partners boosted its stake in shares of Radian Group by 48.5% in the third quarter. Boston Partners now owns 3,337,295 shares of the company’s stock valued at $45,221,000 after buying an additional 1,090,038 shares during the period. Finally, Cobalt Capital Management Inc. boosted its stake in shares of Radian Group by 346.4% in the third quarter. Cobalt Capital Management Inc. now owns 884,645 shares of the company’s stock valued at $11,987,000 after buying an additional 686,463 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.
Radian Group Inc. (NYSE:RDN) traded down 0.81% during trading on Tuesday, hitting $19.56. The stock had a trading volume of 923,266 shares. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 14.28 and a beta of 2.25. Radian Group Inc. has a 12-month low of $9.29 and a 12-month high of $19.87. The stock has a 50 day moving average price of $18.41 and a 200 day moving average price of $15.22.
Radian Group (NYSE:RDN) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $274.50 million for the quarter, compared to analyst estimates of $238.54 million. Radian Group had a net margin of 24.89% and a return on equity of 12.69%. Radian Group’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. Equities research analysts forecast that Radian Group Inc. will post $1.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Monday, February 27th will be issued a dividend of $0.0025 per share. The ex-dividend date is Thursday, February 23rd. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.05%. Radian Group’s dividend payout ratio (DPR) is presently 0.73%.
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Several analysts have recently commented on RDN shares. Barclays PLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Radian Group in a research report on Monday, January 9th. Compass Point cut Radian Group from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Friday, October 28th. Bank of America Corporation assumed coverage on Radian Group in a research report on Monday, October 17th. They set a “buy” rating and a $18.00 price objective for the company. Zacks Investment Research cut Radian Group from a “buy” rating to a “hold” rating in a research report on Monday, January 30th. Finally, FBR & Co reissued a “buy” rating on shares of Radian Group in a research report on Friday, October 28th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $19.15.
About Radian Group
Radian Group Inc is a 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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