Virtu Financial LLC Takes $204,000 Position in Radian Group Inc (RDN)
Virtu Financial LLC purchased a new stake in shares of Radian Group Inc (NYSE:RDN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,882 shares of the insurance provider’s stock, valued at approximately $204,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of RDN. Wealthcare Advisory Partners LLC purchased a new stake in Radian Group during the third quarter valued at about $110,000. Cerebellum GP LLC purchased a new stake in Radian Group during the fourth quarter valued at about $120,000. Meeder Asset Management Inc. boosted its position in Radian Group by 75.9% during the fourth quarter. Meeder Asset Management Inc. now owns 7,463 shares of the insurance provider’s stock valued at $153,000 after buying an additional 3,220 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Radian Group by 51.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,802 shares of the insurance provider’s stock valued at $243,000 after acquiring an additional 4,021 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Radian Group by 39.3% during the third quarter. Stifel Financial Corp now owns 17,997 shares of the insurance provider’s stock valued at $337,000 after acquiring an additional 5,074 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.
RDN has been the subject of several recent analyst reports. Wells Fargo initiated coverage on shares of Radian Group in a research note on Tuesday, November 28th. They set a “market perform” rating and a $22.00 price objective for the company. Zacks Investment Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research note on Thursday, January 4th. Deutsche Bank raised shares of Radian Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $24.00 to $28.00 in a research note on Monday, January 8th. BTIG Research reaffirmed a “buy” rating and set a $26.00 price objective (up from $22.00) on shares of Radian Group in a research note on Wednesday, December 20th. Finally, B. Riley downgraded shares of Radian Group from a “buy” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $24.68.
Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.07. Radian Group had a net margin of 9.91% and a return on equity of 13.53%. The company had revenue of $317.90 million during the quarter, compared to the consensus estimate of $322.32 million. During the same period in the prior year, the firm earned $0.41 earnings per share. Radian Group’s revenue was up 15.8% on a year-over-year basis. analysts anticipate that Radian Group Inc will post 2.41 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 26th were paid a $0.0025 dividend. This is an increase from Radian Group’s previous quarterly dividend of $0.00. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date was Friday, February 23rd. Radian Group’s dividend payout ratio is presently 1.85%.
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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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