361 Capital LLC grew its stake in shares of Radian Group Inc (NYSE:RDN) by 8.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 168,654 shares of the insurance provider’s stock after acquiring an additional 12,850 shares during the period. Radian Group comprises 0.6% of 361 Capital LLC’s portfolio, making the stock its 4th biggest holding. 361 Capital LLC’s holdings in Radian Group were worth $3,498,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc bought a new position in shares of Radian Group in the fourth quarter worth approximately $33,000. FNY Investment Advisers LLC bought a new position in shares of Radian Group in the fourth quarter worth approximately $37,000. Toronto Dominion Bank bought a new position in shares of Radian Group in the fourth quarter worth approximately $52,000. Bank of Montreal Can increased its position in shares of Radian Group by 22.7% in the fourth quarter. Bank of Montreal Can now owns 8,422 shares of the insurance provider’s stock worth $138,000 after purchasing an additional 1,557 shares during the last quarter. Finally, Actinver Wealth Management Inc. bought a new position in shares of Radian Group in the fourth quarter worth approximately $169,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.
Several research analysts recently weighed in on the stock. MKM Partners upped their price objective on shares of Radian Group to $30.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Zacks Investment Research cut shares of Radian Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. ValuEngine upgraded shares of Radian Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Compass Point restated a “buy” rating and issued a $30.00 price objective (up from $26.50) on shares of Radian Group in a research report on Thursday, May 2nd. Finally, Bank of America restated a “buy” rating and issued a $27.00 price objective (up from $23.00) on shares of Radian Group in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.71.
Radian Group (NYSE:RDN) last issued its earnings results on Tuesday, April 30th. The insurance provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The business had revenue of $363.63 million during the quarter, compared to analyst estimates of $342.44 million. Radian Group had a return on equity of 17.82% and a net margin of 49.25%. Radian Group’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Sell-side analysts anticipate that Radian Group Inc will post 2.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Thursday, May 23rd. Radian Group’s dividend payout ratio is currently 0.37%.
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Radian Group 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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