Radian Group Inc (RDN) Short Interest Down 51.6% in December
Radian Group Inc (NYSE:RDN) was the recipient of a significant decrease in short interest in December. As of December 29th, there was short interest totalling 2,134,650 shares, a decrease of 51.6% from the December 15th total of 4,413,325 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 1,293,411 shares, the days-to-cover ratio is presently 1.7 days.
Radian Group (NYSE:RDN) opened at $22.26 on Thursday. Radian Group has a fifty-two week low of $15.58 and a fifty-two week high of $22.82. The company has a market cap of $4,800.00, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.23 and a quick ratio of 1.23.
Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Radian Group had a net margin of 14.88% and a return on equity of 12.99%. The firm had revenue of $312.05 million for the quarter, compared to the consensus estimate of $321.10 million. During the same period in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. equities research analysts predict that Radian Group will post 1.75 EPS for the current year.
Several analysts have issued reports on RDN shares. B. Riley reaffirmed a “buy” rating on shares of Radian Group in a research report on Monday, November 6th. Zacks Investment Research raised shares of Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, October 10th. Susquehanna Bancshares set a $22.00 price target on shares of Radian Group and gave the stock a “buy” rating in a research report on Monday, October 16th. BTIG Research reaffirmed a “buy” rating and set a $22.00 price target on shares of Radian Group in a research report on Sunday, October 15th. Finally, Compass Point upgraded shares of Radian Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.75 to $24.75 in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.89.
Several large investors have recently added to or reduced their stakes in RDN. Capital World Investors increased its holdings in shares of Radian Group by 42.7% in the second quarter. Capital World Investors now owns 4,930,000 shares of the insurance provider’s stock valued at $80,606,000 after purchasing an additional 1,475,000 shares during the last quarter. Northern Trust Corp grew its stake in shares of Radian Group by 24.6% in the second quarter. Northern Trust Corp now owns 5,305,329 shares of the insurance provider’s stock valued at $86,742,000 after acquiring an additional 1,048,954 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Radian Group by 59.3% in the third quarter. Ameriprise Financial Inc. now owns 2,601,594 shares of the insurance provider’s stock valued at $48,623,000 after acquiring an additional 968,914 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Radian Group by 5.0% in the second quarter. Vanguard Group Inc. now owns 18,116,304 shares of the insurance provider’s stock valued at $296,201,000 after acquiring an additional 859,950 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Radian Group by 57.0% in the third quarter. Prudential Financial Inc. now owns 2,085,847 shares of the insurance provider’s stock valued at $38,984,000 after acquiring an additional 757,490 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.
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Radian Group Company Profile
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.
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