Seizert Capital Partners LLC cut its holdings in shares of Radian Group Inc (NYSE:RDN) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,615 shares of the insurance provider’s stock after selling 4,545 shares during the period. Seizert Capital Partners LLC’s holdings in Radian Group were worth $2,368,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in RDN. JPMorgan Chase & Co. grew its position in Radian Group by 88.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,347,806 shares of the insurance provider’s stock valued at $27,953,000 after buying an additional 633,686 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Radian Group in the 1st quarter valued at $11,246,000. AJO LP grew its position in Radian Group by 16.3% in the 1st quarter. AJO LP now owns 3,791,056 shares of the insurance provider’s stock valued at $78,627,000 after buying an additional 529,998 shares during the last quarter. Federated Investors Inc. PA grew its position in Radian Group by 125.5% in the 1st quarter. Federated Investors Inc. PA now owns 787,200 shares of the insurance provider’s stock valued at $16,326,000 after buying an additional 438,166 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Radian Group by 13.5% in the 4th quarter. Geode Capital Management LLC now owns 2,702,573 shares of the insurance provider’s stock valued at $44,214,000 after buying an additional 322,154 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.
A number of equities analysts recently weighed in on RDN shares. B. Riley set a $27.00 price objective on shares of Radian Group and gave the company a “hold” rating in a research report on Friday, August 2nd. Bank of America reiterated 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. Compass Point reiterated 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. Barclays reiterated a “buy” rating and issued a $27.00 price objective on shares of Radian Group in a research report on Monday, June 24th. Finally, BTIG Research reiterated a “buy” rating and issued a $29.00 price objective on shares of Radian Group in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $27.14.
Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.70 by $0.10. The company had revenue of $394.96 million for the quarter, compared to analyst estimates of $352.77 million. Radian Group had a net margin of 43.66% and a return on equity of 17.68%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. On average, research analysts forecast that Radian Group Inc will post 2.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 26th will be given a dividend of $0.002 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.01 annualized dividend and a dividend yield of 0.04%. Radian Group’s payout ratio is currently 0.37%.
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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