Schwab Charles Investment Management Inc. decreased its position in shares of Radian Group Inc. (NYSE:RDN) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 963,342 shares of the insurance provider’s stock after selling 10,294 shares during the period. Schwab Charles Investment Management Inc. owned 0.45% of Radian Group worth $17,302,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. BlackRock Inc. increased its stake in Radian Group by 24,173.9% in the first quarter. BlackRock Inc. now owns 14,125,455 shares of the insurance provider’s stock valued at $253,692,000 after buying an additional 14,067,263 shares during the period. Investec Asset Management LTD increased its stake in Radian Group by 377.1% in the first quarter. Investec Asset Management LTD now owns 5,731,122 shares of the insurance provider’s stock valued at $102,931,000 after buying an additional 4,529,893 shares during the period. Norges Bank bought a new stake in Radian Group during the fourth quarter valued at $40,321,000. Vanguard Group Inc. increased its stake in Radian Group by 5.3% in the first quarter. Vanguard Group Inc. now owns 17,256,354 shares of the insurance provider’s stock valued at $309,923,000 after buying an additional 876,181 shares during the period. Finally, Searle & CO. bought a new stake in Radian Group during the fourth quarter valued at $5,092,000. Hedge funds and other institutional investors own 92.31% of the company’s stock.
Radian Group Inc. (RDN) opened at 17.06 on Wednesday. The firm has a 50 day moving average of $16.60 and a 200 day moving average of $17.82. Radian Group Inc. has a 1-year low of $10.66 and a 1-year high of $19.87. The firm has a market cap of $3.67 billion, a P/E ratio of 11.96 and a beta of 1.60.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Thursday, April 27th. The insurance provider reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The company had revenue of $288.80 million for the quarter, compared to analyst estimates of $304.96 million. Radian Group had a return on equity of 12.26% and a net margin of 26.23%. Radian Group’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 earnings per share. On average, equities research analysts expect that Radian Group Inc. will post $1.64 EPS for the current year.
Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 target price on shares of Radian Group in a report on Tuesday, May 30th. BidaskClub upgraded shares of Radian Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded shares of Radian Group from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, March 29th. Deutsche Bank AG dropped their price target on shares of Radian Group from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Finally, ValuEngine upgraded shares of Radian Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.88.
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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