Russell Investments Group Ltd. Has $4.33 Million Stake in Radian Group Inc (RDN)
Russell Investments Group Ltd. lifted its stake in Radian Group Inc (NYSE:RDN) by 29.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,711 shares of the insurance provider’s stock after acquiring an additional 53,060 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of Radian Group worth $4,331,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of RDN. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Radian Group by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock worth $127,000 after buying an additional 803 shares in the last quarter. Skba Capital Management LLC purchased a new stake in shares of Radian Group in the second quarter worth $170,000. Zacks Investment Management purchased a new stake in shares of Radian Group in the second quarter worth $175,000. ETRADE Capital Management LLC purchased a new stake in shares of Radian Group in the second quarter worth $183,000. Finally, Alpine Woods Capital Investors LLC raised its position in shares of Radian Group by 9.5% in the second quarter. Alpine Woods Capital Investors LLC now owns 11,510 shares of the insurance provider’s stock worth $188,000 after buying an additional 1,000 shares in the last quarter. 91.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Radian Group Inc (NYSE:RDN) traded down $0.49 during trading hours on Thursday, hitting $22.02. The stock had a trading volume of 1,342,800 shares, compared to its average volume of 1,660,780. Radian Group Inc has a 52-week low of $15.58 and a 52-week high of $22.66. The company has a market capitalization of $4,852.37, a PE ratio of 13.09, a P/E/G ratio of 2.56 and a beta of 1.54. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34.
Radian Group (NYSE:RDN) last posted its earnings results on Thursday, October 26th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The company had revenue of $312.05 million for the quarter, compared to analysts’ expectations of $321.10 million. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. Radian Group’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. research analysts expect that Radian Group Inc will post 1.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Monday, November 27th were paid a $0.002 dividend. The ex-dividend date of this dividend was Friday, November 24th. This represents a $0.01 annualized dividend and a dividend yield of 0.04%. Radian Group’s payout ratio is presently 1.28%.
A number of brokerages recently issued reports on RDN. BTIG Research reiterated a “buy” rating and issued a $22.00 price objective on shares of Radian Group in a research report on Sunday, October 15th. Deutsche Bank raised their price target on Radian Group from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Compass Point restated a “neutral” rating and set a $21.25 price target on shares of Radian Group in a research report on Saturday, October 14th. FBR & Co restated a “buy” rating on shares of Radian Group in a research report on Thursday, October 26th. Finally, Susquehanna Bancshares set a $22.00 price target on Radian Group and gave the company a “buy” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Radian Group presently has a consensus rating of “Buy” and an average price target of $22.53.
COPYRIGHT VIOLATION WARNING: This report was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/12/14/russell-investments-group-ltd-has-4-33-million-stake-in-radian-group-inc-rdn.html.
About Radian Group
Radian Group Inc is an insurance 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.
Receive News & Ratings for Radian Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radian Group and related companies with MarketBeat.com's FREE daily email newsletter.