The Radian Group Inc (RDN) Position Boosted by Argent Capital Management LLC

The Radian Group Inc (RDN) Position Boosted by Argent Capital Management LLC

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LSV Asset Management boosted its position in Radian Group by 1.0% in the third quarter. LSV Asset Management now owns 10,947,133 shares of the insurance provider’s stock worth $148,333,000 after buying an additional 104,400 shares in the last quarter. State Street Corp boosted its position in shares of Radian Group by 5.8% in the fourth quarter. State Street Corp now owns 7,157,426 shares of the insurance provider’s stock worth $128,688,000 after buying an additional 391,745 shares during the period. Chartwell Investment Partners LLC bought a new position in shares of Radian Group during the third quarter worth about $53,385,000. Northern Trust Corp boosted its position in shares of Radian Group by 13.9% in the third quarter. Northern Trust Corp now owns 3,445,028 shares of the insurance provider’s stock worth $46,680,000 after buying an additional 421,318 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Radian Group by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,812,816 shares of the insurance provider’s stock worth $50,575,000 after buying an additional 71,693 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Argent Capital Management LLC boosted its position in shares of Radian Group Inc (NYSE:RDN) by 24.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 112,000 shares of the insurance provider’s stock after buying an additional 21,690 shares during the period. Argent Capital Management LLC owned approximately 0.05% of Radian Group worth $2,012,000 at the end of the most recent reporting period.

Shares of Radian Group Inc (NYSE:RDN) traded down 0.73% during midday trading on Friday, hitting $16.29. 2,452,660 shares of the company traded hands. The stock has a market capitalization of $3.50 billion, a P/E ratio of 11.42 and a beta of 2.25. Radian Group Inc has a 52 week low of $9.29 and a 52 week high of $19.87. The company has a 50-day moving average price of $17.15 and a 200-day moving average price of $17.60.

Radian Group (NYSE:RDN) last posted its earnings results on Thursday, April 27th. The insurance provider reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.06. Radian Group had a net margin of 24.89% and a return on equity of 12.69%. The firm had revenue of $288.80 million for the quarter, compared to analysts’ expectations of $304.96 million. During the same period in the previous year, the company earned $0.37 EPS. The company’s revenue was down 7.7% on a year-over-year basis. Analysts anticipate that Radian Group Inc will post $1.63 earnings per share for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Monday, May 22nd will be given a dividend of $0.0025 per share. The ex-dividend date is Thursday, May 18th. This represents a $0.01 dividend on an annualized basis and a yield of 0.06%. Radian Group’s payout ratio is 0.73%.

A number of research analysts have recently issued reports on RDN shares. Zacks Investment Research cut Radian Group from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. FBR & Co raised their price objective on Radian Group from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, February 13th. Deutsche Bank AG dropped their target price on shares of Radian Group from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 28th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 target price on shares of Radian Group in a report on Friday, April 28th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $20.88. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RDN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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