SG Americas Securities LLC trimmed its position in Radian Group Inc. (NYSE:RDN - Free Report) by 88.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,669 shares of the insurance provider's stock after selling 52,383 shares during the quarter. SG Americas Securities LLC's holdings in Radian Group were worth $190,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Radian Group by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 19,747,171 shares of the insurance provider's stock worth $380,922,000 after acquiring an additional 367,187 shares in the last quarter. BlackRock Inc. increased its holdings in Radian Group by 12.8% in the 1st quarter. BlackRock Inc. now owns 15,104,763 shares of the insurance provider's stock worth $333,815,000 after acquiring an additional 1,710,552 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Radian Group by 575.2% in the 1st quarter. JPMorgan Chase & Co. now owns 12,765,182 shares of the insurance provider's stock worth $282,110,000 after acquiring an additional 10,874,587 shares in the last quarter. State Street Corp increased its holdings in Radian Group by 45.6% in the 1st quarter. State Street Corp now owns 7,009,760 shares of the insurance provider's stock worth $154,915,000 after acquiring an additional 2,195,362 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Radian Group by 4.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,745,225 shares of the insurance provider's stock worth $109,562,000 after acquiring an additional 267,774 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.
Radian Group Price Performance
RDN traded down $0.20 during trading on Friday, reaching $30.25. 828,016 shares of the company traded hands, compared to its average volume of 1,544,082. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.65 and a current ratio of 1.65. Radian Group Inc. has a 12-month low of $22.93 and a 12-month high of $33.69. The firm has a fifty day simple moving average of $30.13 and a 200 day simple moving average of $28.12. The company has a market cap of $4.58 billion, a P/E ratio of 8.00, a PEG ratio of 1.85 and a beta of 1.02.
Radian Group (NYSE:RDN - Get Free Report) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The firm had revenue of $328.64 million during the quarter, compared to analyst estimates of $319.04 million. During the same period last year, the firm posted $1.05 earnings per share. Radian Group's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Radian Group Inc. will post 3.27 EPS for the current year.
Radian Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a $0.245 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Radian Group's previous quarterly dividend of $0.23. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.24%. Radian Group's dividend payout ratio (DPR) is 25.93%.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $35.00 price objective (down from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, Radian Group has an average rating of "Hold" and an average price target of $30.00.
View Our Latest Stock Report on Radian Group
Radian Group Company Profile
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Free Report)
Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.
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