Capital Fund Management S.A. Has $3,208,000 Position in Radian Group Inc. (RDN)
Capital Fund Management S.A. cut its stake in shares of Radian Group Inc. (NYSE:RDN) by 43.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 307,849 shares of the company’s stock after selling 239,009 shares during the period. Capital Fund Management S.A.’s holdings in Radian Group were worth $3,208,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in Radian Group during the second quarter valued at about $126,000. Genesee Valley Trust Co. increased its position in Radian Group by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 12,216 shares of the company’s stock valued at $127,000 after buying an additional 274 shares in the last quarter. Strs Ohio increased its position in Radian Group by 22.8% in the second quarter. Strs Ohio now owns 18,300 shares of the company’s stock valued at $190,000 after buying an additional 3,400 shares in the last quarter. Virginia Retirement System bought a new position in Radian Group during the first quarter valued at about $284,000. Finally, Quadrature Capital Ltd bought a new position in Radian Group during the first quarter valued at about $285,000. Institutional investors own 93.38% of the company’s stock.
Shares of Radian Group Inc. (NYSE:RDN) traded up 0.15% on Tuesday, reaching $13.50. 1,731,129 shares of the company’s stock traded hands. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 10.12 and a beta of 2.01. Radian Group Inc. has a 52 week low of $9.29 and a 52 week high of $17.00. The company has a 50 day moving average price of $13.63 and a 200 day moving average price of $12.33.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.38 earnings per share 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 net margin of 25.42% and a return on equity of 12.64%. During the same period last year, the business earned $0.40 EPS. On average, equities research analysts predict that Radian Group Inc. will post $1.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Monday, August 22nd were issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend was Thursday, August 18th. Radian Group’s dividend payout ratio is currently 0.75%.
RDN has been the subject of several research analyst reports. BTIG Research restated a “buy” rating and issued a $22.00 price objective on shares of Radian Group in a research note on Wednesday, July 6th. Zacks Investment Research upgraded shares of Radian Group from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, June 28th. TheStreet upgraded shares of Radian Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Finally, FBR & Co restated a “market perform” rating and issued a $14.00 price objective on shares of Radian Group in a research note on Wednesday, June 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $17.00.
In related news, EVP Derek Brummer acquired 16,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was bought at an average cost of $12.87 per share, with a total value of $205,920.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.83% of the company’s stock.
Radian Group Company Profile
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.
Want to see what other hedge funds are holding RDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Radian Group Inc. (NYSE:RDN).
Receive News & Ratings for Radian Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radian Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.