Radian Group Target of Unusually Large Options Trading (NYSE:RDN)

Radian Group Inc (NYSE:RDN) saw some unusual options trading on Thursday. Investors acquired 3,248 call options on the company. This represents an increase of approximately 3,214% compared to the typical daily volume of 98 call options.

RDN has been the topic of a number of research reports. Zacks Investment Research lowered Radian Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. ValuEngine lowered Radian Group from a “hold” rating to a “sell” rating in a report on Monday, January 7th. MKM Partners lifted their price target on Radian Group to $30.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America reiterated a “buy” rating and set a $27.00 price target (up previously from $23.00) on shares of Radian Group in a report on Wednesday. Finally, Compass Point reiterated a “buy” rating and set a $30.00 price target (up previously from $26.50) on shares of Radian Group in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Radian Group presently has a consensus rating of “Hold” and an average price target of $24.71.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc acquired a new position in shares of Radian Group during the fourth quarter worth about $33,000. FNY Investment Advisers LLC acquired a new position in shares of Radian Group during the fourth quarter worth about $37,000. Toronto Dominion Bank acquired a new position in shares of Radian Group during the fourth quarter worth about $52,000. Bank of Montreal Can grew its position in shares of Radian Group by 22.7% during the fourth quarter. Bank of Montreal Can now owns 8,422 shares of the insurance provider’s stock worth $138,000 after buying an additional 1,557 shares in the last quarter. Finally, Actinver Wealth Management Inc. acquired a new position in shares of Radian Group during the fourth quarter worth about $169,000. 94.51% of the stock is owned by institutional investors.

Shares of NYSE:RDN remained flat at $$23.88 during midday trading on Friday. The company had a trading volume of 1,080,948 shares, compared to its average volume of 1,326,646. The firm has a market cap of $5.10 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.71 and a beta of 1.63. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.30. Radian Group has a 1 year low of $14.77 and a 1 year high of $24.62.

Radian Group (NYSE:RDN) last released its earnings results on Tuesday, April 30th. The insurance provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The company had revenue of $363.63 million during the quarter, compared to the consensus estimate of $342.44 million. Radian Group had a return on equity of 17.92% and a net margin of 47.60%. Radian Group’s revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. On average, sell-side analysts expect that Radian Group will post 2.75 EPS for the current year.

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Radian Group Company Profile

Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It 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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