Gargoyle Investment Advisor L.L.C. Has $880,000 Stake in Radian Group Inc. (RDN)
Gargoyle Investment Advisor L.L.C. cut its position in Radian Group Inc. (NYSE:RDN) by 63.3% during the second quarter, Holdings Channel reports. The institutional investor owned 84,495 shares of the company’s stock after selling 145,688 shares during the period. Gargoyle Investment Advisor L.L.C.’s holdings in Radian Group were worth $880,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in RDN. Genesee Valley Trust Co. increased its stake in shares of Radian Group by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 12,216 shares of the company’s stock worth $127,000 after buying an additional 274 shares in the last quarter. Strs Ohio increased its stake in shares of Radian Group by 22.8% in the second quarter. Strs Ohio now owns 18,300 shares of the company’s stock worth $190,000 after buying an additional 3,400 shares in the last quarter. Court Place Advisors LLC increased its stake in shares of Radian Group by 11.3% in the second quarter. Court Place Advisors LLC now owns 28,000 shares of the company’s stock worth $292,000 after buying an additional 2,850 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Radian Group during the second quarter worth approximately $648,000. Finally, Nordea Investment Management AB increased its stake in shares of Radian Group by 73.2% in the second quarter. Nordea Investment Management AB now owns 316,400 shares of the company’s stock worth $3,297,000 after buying an additional 133,700 shares in the last quarter. 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. The company’s stock had a trading volume of 1,731,129 shares. Radian Group Inc. has a 52-week low of $9.29 and a 52-week high of $17.00. The company has a market cap of $2.89 billion, a PE ratio of 10.12 and a beta of 2.01. The firm has a 50 day moving average of $13.63 and a 200 day moving average of $12.33.
Radian Group (NYSE:RDN) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. Radian Group had a return on equity of 12.64% and a net margin of 25.42%. The company earned $330.20 million during the quarter, compared to analysts’ expectations of $224.68 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. Analysts predict that Radian Group Inc. will post $1.55 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Monday, August 22nd were paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.07%. The ex-dividend date of this dividend was Thursday, August 18th. Radian Group’s dividend payout ratio (DPR) is currently 0.75%.
A number of equities analysts have recently issued reports on the company. FBR & Co raised Radian Group from a “market perform” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Thursday, June 30th. Zacks Investment Research cut Radian Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 14th. Finally, BTIG Research set a $22.00 target price on Radian Group and gave the stock a “buy” rating in a report on Thursday, September 15th. One research 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 has a consensus rating of “Buy” and an average price target of $17.00.
In related news, EVP Derek Brummer purchased 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was acquired at an average cost of $12.87 per share, for a total transaction of $205,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.83% of the stock is owned by corporate insiders.
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.