Radian Group Inc (RDN) Stake Lessened by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Radian Group Inc (NYSE:RDN) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,900 shares of the insurance provider’s stock after selling 2,048 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Radian Group were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RDN. Nordea Investment Management AB lifted its position in shares of Radian Group by 0.5% in the 4th quarter. Nordea Investment Management AB now owns 618,429 shares of the insurance provider’s stock valued at $10,117,000 after acquiring an additional 2,904 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Radian Group by 7.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,701,451 shares of the insurance provider’s stock valued at $44,193,000 after acquiring an additional 193,296 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Radian Group by 58.9% in the 3rd quarter. Renaissance Technologies LLC now owns 180,625 shares of the insurance provider’s stock valued at $3,734,000 after acquiring an additional 66,955 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Radian Group by 12.7% in the 1st quarter. Meeder Asset Management Inc. now owns 54,798 shares of the insurance provider’s stock valued at $1,137,000 after acquiring an additional 6,193 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Radian Group in the 4th quarter valued at approximately $40,582,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

RDN stock opened at $22.70 on Friday. Radian Group Inc has a 12-month low of $14.77 and a 12-month high of $24.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.87 and a quick ratio of 1.87. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 1.59 and a beta of 1.63.

Radian Group (NYSE:RDN) last released its earnings results on Tuesday, April 30th. The insurance provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Radian Group had a net margin of 49.25% and a return on equity of 17.82%. The company had revenue of $363.63 million during the quarter, compared to the consensus estimate of $342.44 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue was up 24.7% compared to the same quarter last year. On average, research analysts expect that Radian Group Inc will post 2.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be given a $0.0025 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.01 dividend on an annualized basis and a yield of 0.04%. Radian Group’s payout ratio is 0.37%.

Several brokerages recently commented on RDN. Zacks Investment Research upgraded shares of Radian Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. MKM Partners upped their price target on shares of Radian Group to $30.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Compass Point restated a “buy” rating and issued a $30.00 price target (up previously from $26.50) on shares of Radian Group in a research report on Thursday, May 2nd. Bank of America restated a “buy” rating and issued a $27.00 price target (up previously from $23.00) on shares of Radian Group in a research report on Wednesday, May 1st. Finally, ValuEngine upgraded shares of Radian Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $24.71.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/05/17/radian-group-inc-rdn-stake-lessened-by-zurcher-kantonalbank-zurich-cantonalbank.html.

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.

Read More: Balanced Fund

Want to see what other hedge funds are holding RDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Radian Group Inc (NYSE:RDN).

Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

Receive News & Ratings for Radian Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radian Group and related companies with MarketBeat.com's FREE daily email newsletter.