Radian Group Inc (RDN) Stake Decreased by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC cut its position in shares of Radian Group Inc (NYSE:RDN) by 36.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,977 shares of the insurance provider’s stock after selling 54,342 shares during the period. MetLife Investment Advisors LLC’s holdings in Radian Group were worth $1,537,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc bought a new stake in Radian Group in the 4th quarter valued at about $33,000. FNY Investment Advisers LLC bought a new stake in Radian Group in the 4th quarter valued at about $37,000. Toronto Dominion Bank bought a new stake in Radian Group in the 4th quarter valued at about $52,000. Bank of Montreal Can boosted its holdings in Radian Group by 22.7% in the 4th quarter. Bank of Montreal Can now owns 8,422 shares of the insurance provider’s stock valued at $138,000 after purchasing an additional 1,557 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in Radian Group in the 4th quarter valued at about $172,000. Institutional investors own 94.68% of the company’s stock.

A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Radian Group from a “buy” rating to a “hold” rating in a report on Monday, January 14th. Barclays set a $21.00 price target on shares of Radian Group and gave the stock a “buy” rating in a report on Friday, December 14th. Finally, ValuEngine downgraded shares of Radian Group from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Radian Group presently has an average rating of “Buy” and a consensus price target of $22.50.

Shares of Radian Group stock opened at $21.31 on Tuesday. Radian Group Inc has a 1-year low of $14.06 and a 1-year high of $21.39. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.30. The company has a market cap of $4.43 billion, a PE ratio of 7.92, a PEG ratio of 1.51 and a beta of 1.60.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Friday, February 8th. The insurance provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04. The business had revenue of $331.50 million during the quarter, compared to analysts’ expectations of $342.07 million. Radian Group had a net margin of 47.60% and a return on equity of 17.92%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. On average, research analysts forecast that Radian Group Inc will post 2.75 earnings per share for the current year.

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About Radian Group

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: Earnings Per Share (EPS) Explained

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

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