22,900 Shares in Radian Group Inc. (RDN) Acquired by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL bought a new position in Radian Group Inc. (NYSE:RDN) during the second quarter, Holdings Channel reports. The firm bought 22,900 shares of the company’s stock, valued at approximately $239,000.
A number of other hedge funds also recently bought and sold shares of the company. FFT Wealth Management LLC raised its stake in shares of Radian Group by 5.5% in the first quarter. FFT Wealth Management LLC now owns 41,072 shares of the company’s stock valued at $509,000 after buying an additional 2,128 shares in the last quarter. AMP Capital Investors Ltd acquired a new stake in shares of Radian Group during the first quarter valued at approximately $473,000. Renaissance Technologies LLC raised its stake in shares of Radian Group by 19.8% in the first quarter. Renaissance Technologies LLC now owns 1,171,300 shares of the company’s stock valued at $14,524,000 after buying an additional 193,300 shares in the last quarter. HBK Investments L P raised its stake in shares of Radian Group by 316.9% in the first quarter. HBK Investments L P now owns 64,197 shares of the company’s stock valued at $796,000 after buying an additional 48,797 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Radian Group by 14.0% in the first quarter. Geode Capital Management LLC now owns 1,419,498 shares of the company’s stock valued at $17,601,000 after buying an additional 174,324 shares in the last quarter. Institutional investors own 93.38% of the company’s stock.
Shares of Radian Group Inc. (NYSE:RDN) opened at 13.38 on Wednesday. Radian Group Inc. has a 12 month low of $9.29 and a 12 month high of $16.95. The firm has a market capitalization of $2.87 billion, a P/E ratio of 10.03 and a beta of 2.01. The firm’s 50-day moving average price is $13.61 and its 200 day moving average price is $12.38.
Radian Group (NYSE:RDN) last announced its earnings results on Thursday, July 28th. The company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Radian Group had a net margin of 25.42% and a return on equity of 12.64%. The business earned $330.20 million during the quarter, compared to analysts’ expectations of $224.68 million. During the same period in the prior year, the company earned $0.40 earnings per share. Analysts anticipate that Radian Group Inc. will post $1.54 earnings per share for the current fiscal year.
Several analysts have recently commented on RDN shares. Zacks Investment Research upgraded Radian Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. BTIG Research set a $22.00 price objective on Radian Group and gave the company a “buy” rating in a report on Thursday, September 15th. Finally, FBR & Co reiterated an “outperform” rating on shares of Radian Group in a report on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $16.75.
In other Radian Group news, EVP Derek Brummer bought 16,000 shares of Radian Group stock in a transaction dated Wednesday, August 10th. The stock was acquired at an average cost of $12.87 per share, with a total value of $205,920.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.83% of the stock is currently owned by 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.
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