Public Employees Retirement Association of Colorado Has $778,000 Position in Radian Group Inc (NYSE:RDN)

Public Employees Retirement Association of Colorado lessened its stake in Radian Group Inc (NYSE:RDN) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,039 shares of the insurance provider’s stock after selling 2,559 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Radian Group were worth $778,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC raised its holdings in Radian Group by 23.1% in the second quarter. Aperio Group LLC now owns 78,902 shares of the insurance provider’s stock worth $1,803,000 after purchasing an additional 14,782 shares in the last quarter. Investec Asset Management LTD raised its stake in shares of Radian Group by 2.2% in the second quarter. Investec Asset Management LTD now owns 4,019,143 shares of the insurance provider’s stock worth $91,837,000 after acquiring an additional 85,969 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Radian Group by 582.4% in the second quarter. SG Americas Securities LLC now owns 99,593 shares of the insurance provider’s stock worth $2,276,000 after acquiring an additional 84,999 shares during the last quarter. Creative Planning bought a new position in shares of Radian Group in the second quarter worth about $224,000. Finally, Virginia Retirement Systems ET AL raised its stake in shares of Radian Group by 38.0% in the second quarter. Virginia Retirement Systems ET AL now owns 53,000 shares of the insurance provider’s stock worth $1,211,000 after acquiring an additional 14,600 shares during the last quarter. Institutional investors own 94.51% of the company’s stock.

Shares of NYSE:RDN opened at $22.68 on Wednesday. The business’s 50 day simple moving average is $23.12 and its 200-day simple moving average is $22.18. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.71 and a quick ratio of 1.71. Radian Group Inc has a 12 month low of $14.77 and a 12 month high of $24.62.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. Radian Group had a return on equity of 17.68% and a net margin of 43.66%. The business had revenue of $394.96 million for the quarter, compared to analyst estimates of $352.77 million. During the same quarter in the previous year, the company earned $0.69 EPS. The company’s quarterly revenue was up 23.7% on a year-over-year basis. On average, equities analysts anticipate that Radian Group Inc will post 2.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 26th will be given a dividend of $0.002 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.01 annualized dividend and a dividend yield of 0.04%. Radian Group’s dividend payout ratio is currently 0.37%.

A number of equities research analysts have issued reports on RDN shares. Zacks Investment Research downgraded shares of Radian Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. B. Riley set a $27.00 target price on Radian Group and gave the stock a “hold” rating in a research note on Friday, August 2nd. BTIG Research reiterated a “buy” rating and set a $29.00 target price on shares of Radian Group in a research note on Thursday, August 1st. MKM Partners lifted their target price on Radian Group to $30.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, 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 note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.14.

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.

Further Reading: Balanced Fund

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

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