Radian Group Inc (RDN) Stake Lessened by Strs Ohio

Strs Ohio lessened its stake in Radian Group Inc (NYSE:RDN) by 59.6% during the fourth quarter, HoldingsChannel reports. The firm owned 35,600 shares of the insurance provider’s stock after selling 52,500 shares during the period. Strs Ohio’s holdings in Radian Group were worth $733,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. OxFORD Asset Management LLP raised its stake in shares of Radian Group by 3.6% in the 2nd quarter. OxFORD Asset Management LLP now owns 15,824 shares of the insurance provider’s stock valued at $259,000 after purchasing an additional 555 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Radian Group by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 166,041 shares of the insurance provider’s stock valued at $2,715,000 after purchasing an additional 766 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Radian Group by 4.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,029 shares of the insurance provider’s stock valued at $311,000 after purchasing an additional 877 shares in the last quarter. Colony Group LLC raised its stake in shares of Radian Group by 0.7% in the 2nd quarter. Colony Group LLC now owns 133,918 shares of the insurance provider’s stock valued at $2,190,000 after purchasing an additional 898 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Radian Group by 3.5% in the 2nd quarter. Principal Financial Group Inc. now owns 26,881 shares of the insurance provider’s stock valued at $440,000 after purchasing an additional 904 shares in the last quarter. Institutional investors and hedge funds own 92.30% of the company’s stock.

A number of equities research analysts have recently issued reports on RDN shares. Royal Bank of Canada started coverage on shares of Radian Group in a research note on Wednesday, December 20th. They issued an “outperform” rating and a $26.00 target price on the stock. Zacks Investment Research lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Compass Point upgraded shares of Radian Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.75 to $24.75 in a research note on Friday, October 27th. ValuEngine upgraded shares of Radian Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, B. Riley restated a “buy” rating on shares of Radian Group in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Radian Group presently has an average rating of “Buy” and a consensus target price of $24.52.

Shares of Radian Group Inc (RDN) opened at $20.72 on Friday. The firm has a market cap of $4,665.90, a PE ratio of 38.37, a P/E/G ratio of 1.80 and a beta of 1.58. Radian Group Inc has a 12 month low of $15.58 and a 12 month high of $23.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.23.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.07. The firm had revenue of $317.90 million for the quarter, compared to analyst estimates of $322.32 million. Radian Group had a net margin of 9.91% and a return on equity of 13.59%. Radian Group’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. analysts expect that Radian Group Inc will post 2.4 EPS for the current year.

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Radian Group Profile

Radian Group Inc is an insurance 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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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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