Sadoff Investment Management LLC raised its stake in shares of Radian Group Inc (NYSE:RDN) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 988,850 shares of the insurance provider’s stock after buying an additional 14,050 shares during the period. Radian Group comprises 1.7% of Sadoff Investment Management LLC’s holdings, making the stock its 28th biggest holding. Sadoff Investment Management LLC’s holdings in Radian Group were worth $20,380,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RDN. Wealthcare Advisory Partners LLC acquired a new position in shares of Radian Group in the 3rd quarter worth approximately $110,000. Cerebellum GP LLC acquired a new position in shares of Radian Group in the 4th quarter worth approximately $120,000. Meeder Asset Management Inc. boosted its holdings in shares of Radian Group by 75.9% in the 4th quarter. Meeder Asset Management Inc. now owns 7,463 shares of the insurance provider’s stock worth $153,000 after acquiring an additional 3,220 shares in the last quarter. Gotham Asset Management LLC acquired a new position in shares of Radian Group in the 2nd quarter worth approximately $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Radian Group by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock worth $243,000 after buying an additional 4,021 shares in the last quarter. 92.30% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the company. Barclays upped their price objective on Radian Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. ValuEngine raised Radian Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Radian Group in a report on Friday, February 2nd. Wells Fargo & Co assumed coverage on Radian Group in a report on Tuesday, November 28th. They set a “market perform” rating and a $22.00 price objective on the stock. Finally, BTIG Research reaffirmed a “buy” rating and set a $22.00 price objective on shares of Radian Group in a report on Sunday, October 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $24.52.

Shares of Radian Group Inc (NYSE:RDN) opened at $21.62 on Wednesday. The company has a market cap of $4,681.01, a price-to-earnings ratio of 40.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.58. Radian Group Inc has a 1 year low of $15.58 and a 1 year high of $23.49. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, February 1st. The insurance provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.44 by $0.07. The company had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $322.32 million. Radian Group had a net margin of 9.91% and a return on equity of 13.59%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. equities research analysts forecast that Radian Group Inc will post 2.39 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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