Meeder Asset Management Inc. boosted its position in shares of Radian Group Inc (NYSE:RDN) by 23.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,848 shares of the insurance provider’s stock after acquiring an additional 13,050 shares during the quarter. Meeder Asset Management Inc.’s holdings in Radian Group were worth $1,550,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Bessemer Group Inc. bought a new stake in Radian Group during the second quarter valued at about $87,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Radian Group by 19.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,103 shares of the insurance provider’s stock valued at $94,000 after purchasing an additional 669 shares during the period. Cerebellum GP LLC bought a new stake in Radian Group during the third quarter valued at about $120,000. NN Investment Partners Holdings N.V. grew its holdings in Radian Group by 39.1% during the second quarter. NN Investment Partners Holdings N.V. now owns 8,538 shares of the insurance provider’s stock valued at $196,000 after purchasing an additional 2,400 shares during the period. Finally, Creative Planning bought a new stake in Radian Group during the second quarter valued at about $224,000. Institutional investors own 93.34% of the company’s stock.
Shares of NYSE:RDN traded up $0.33 during mid-day trading on Friday, reaching $25.28. The stock had a trading volume of 1,036,861 shares, compared to its average volume of 1,265,307. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.29. The company has a market cap of $5.08 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 1.62 and a beta of 1.37. Radian Group Inc has a 1 year low of $14.77 and a 1 year high of $25.84. The business’s 50 day moving average price is $23.91 and its 200 day moving average price is $23.22.
Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The company had revenue of $380.34 million for the quarter, compared to the consensus estimate of $363.96 million. Radian Group had a return on equity of 17.72% and a net margin of 44.27%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. Analysts predict that Radian Group Inc will post 3.09 earnings per share for the current fiscal year.
RDN has been the subject of a number of recent analyst reports. Compass Point set a $33.50 price objective on Radian Group and gave the stock a “buy” rating in a research note on Friday, November 1st. BTIG Research reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Radian Group in a research note on Thursday, August 1st. ValuEngine lowered Radian Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. B. Riley set a $27.00 price objective on Radian Group and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, Barclays set a $28.00 price objective on Radian Group and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $27.79.
Radian Group 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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