GSA Capital Partners LLP Sells 35,362 Shares of Radian Group Inc (RDN)
GSA Capital Partners LLP reduced its stake in shares of Radian Group Inc (NYSE:RDN) by 70.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,490 shares of the insurance provider’s stock after selling 35,362 shares during the period. GSA Capital Partners LLP’s holdings in Radian Group were worth $237,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. MetLife Investment Advisors LLC boosted its holdings in shares of Radian Group by 49.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 148,319 shares of the insurance provider’s stock worth $3,066,000 after purchasing an additional 48,851 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Radian Group by 58.9% during the 3rd quarter. Renaissance Technologies LLC now owns 180,625 shares of the insurance provider’s stock valued at $3,734,000 after buying an additional 66,955 shares during the period. Quantbot Technologies LP raised its position in shares of Radian Group by 491.1% during the 3rd quarter. Quantbot Technologies LP now owns 19,552 shares of the insurance provider’s stock valued at $404,000 after buying an additional 16,244 shares during the period. State of Alaska Department of Revenue raised its position in shares of Radian Group by 9.0% during the 4th quarter. State of Alaska Department of Revenue now owns 14,124 shares of the insurance provider’s stock valued at $231,000 after buying an additional 1,167 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Radian Group by 16.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,437 shares of the insurance provider’s stock valued at $236,000 after buying an additional 2,065 shares during the period. Institutional investors and hedge funds own 93.51% of the company’s stock.
RDN has been the topic of several analyst reports. ValuEngine lowered shares of Radian Group from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Zacks Investment Research lowered shares of Radian Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, Barclays set a $21.00 price target on shares of Radian Group and gave the company a “buy” rating in a research report on Friday, December 14th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $22.50.
Radian Group (NYSE:RDN) last announced its earnings results on Friday, February 8th. The insurance provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. The company had revenue of $331.50 million for the quarter, compared to analyst estimates of $342.07 million. Radian Group had a return on equity of 17.92% and a net margin of 47.60%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. Analysts forecast that Radian Group Inc will post 2.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 18th were given a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date of this dividend was Thursday, February 14th. Radian Group’s payout ratio is 0.37%.
Radian Group Profile
Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.
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