Stock Traders Purchase Large Volume of Radian Group Put Options (RDN)
Radian Group Inc (NYSE:RDN) saw unusually large options trading on Thursday. Stock traders bought 1,924 put options on the stock. This represents an increase of 3,161% compared to the average daily volume of 59 put options.
RDN stock opened at $20.40 on Friday. Radian Group has a twelve month low of $14.06 and a twelve month high of $21.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $4.38 billion, a PE ratio of 7.58, a P/E/G ratio of 1.49 and a beta of 1.60.
Radian Group (NYSE:RDN) last posted its quarterly earnings data on Friday, February 8th. The insurance provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.04. Radian Group had a return on equity of 17.92% and a net margin of 47.60%. The firm had revenue of $331.50 million for the quarter, compared to analysts’ expectations of $342.07 million. During the same period in the previous year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that Radian Group will post 2.75 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. Zacks Investment Research cut Radian Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. ValuEngine raised Radian Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Barclays set a $21.00 target price on Radian Group and gave the stock a “buy” rating in a research report on Friday, December 14th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $22.50.
Several hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc purchased a new position in Radian Group in the 4th quarter worth approximately $33,000. FNY Investment Advisers LLC purchased a new position in Radian Group in the 4th quarter worth approximately $37,000. Toronto Dominion Bank purchased a new position in Radian Group in the 4th quarter worth approximately $52,000. Meeder Asset Management Inc. purchased a new position in Radian Group in the 3rd quarter worth approximately $106,000. Finally, Bank of Montreal Can lifted its holdings in Radian Group by 22.7% in the 4th quarter. Bank of Montreal Can now owns 8,422 shares of the insurance provider’s stock worth $138,000 after purchasing an additional 1,557 shares in the last quarter. 93.67% of the stock is currently owned by hedge funds and other institutional investors.
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About Radian Group
Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.
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