Radian Group Inc. (RDN) Shares Bought by Court Place Advisors LLC
Court Place Advisors LLC raised its position in Radian Group Inc. (NYSE:RDN) by 11.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,000 shares of the company’s stock after buying an additional 2,850 shares during the period. Court Place Advisors LLC’s holdings in Radian Group were worth $292,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Capital Returns Management LLC purchased a new position in Radian Group during the first quarter valued at about $21,076,000. Norges Bank purchased a new position in Radian Group during the fourth quarter valued at about $19,471,000. Teachers Advisors Inc. raised its position in Radian Group by 193.9% in the first quarter. Teachers Advisors Inc. now owns 1,426,969 shares of the company’s stock valued at $17,694,000 after buying an additional 941,411 shares during the last quarter. State Street Corp raised its position in Radian Group by 11.6% in the first quarter. State Street Corp now owns 6,701,250 shares of the company’s stock valued at $83,095,000 after buying an additional 699,185 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Radian Group by 83.4% in the first quarter. Prudential Financial Inc. now owns 986,217 shares of the company’s stock valued at $12,229,000 after buying an additional 448,500 shares during the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.
Radian Group Inc. (NYSE:RDN) traded down 0.15% on Tuesday, hitting $13.53. The stock had a trading volume of 1,627,921 shares. Radian Group Inc. has a 12-month low of $9.29 and a 12-month high of $17.00. The firm has a market cap of $2.90 billion, a PE ratio of 10.14 and a beta of 2.27. The company’s 50 day moving average is $13.42 and its 200 day moving average is $12.22.
Radian Group (NYSE:RDN) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.38 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. The company earned $330.20 million during the quarter, compared to analyst estimates of $224.68 million. Radian Group had a return on equity of 12.64% and a net margin of 25.42%. During the same period in the prior year, the firm posted $0.40 earnings per share. On average, equities research analysts expect that Radian Group Inc. will post $1.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Monday, August 22nd were paid a dividend of $0.0025 per share. The ex-dividend date was Thursday, August 18th. This represents a $0.01 annualized dividend and a yield of 0.07%. Radian Group’s dividend payout ratio is presently 0.75%.
RDN has been the topic of several research reports. BTIG Research reissued a “buy” rating and set a $22.00 target price on shares of Radian Group in a research note on Wednesday, July 6th. TheStreet raised Radian Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. FBR & Co increased their target price on Radian Group from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research raised Radian Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.00.
In other news, EVP Derek Brummer purchased 16,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was bought at an average cost of $12.87 per share, for a total transaction of $205,920.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.83% of the company’s stock.
About Radian Group
Radian Group Inc is a 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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