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Sequoia Financial Advisors LLC invests $343,000 in Radian Group Inc. (NYSE:RDN)


Sequoia Financial Advisors LLC acquired a new position in Radian Group Inc during the fourth quarter. (NYSE:RDN – Free Report), Holdings Channel reports. The company acquired 12,009 shares of the insurance company, worth approximately $343,000.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management SA bought a new position in shares of Radian Group in the 4th quarter valued at approximately $16,368,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Radian Group shares by 42.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,084 shares of the insurance company’s stock worth $4,942,000 after purchasing an additional 51,852 shares during the period. Comerica Bank increased its stake in shares of Radian Group by 5,573.5% in the third quarter. Comerica Bank now owns 222,287 shares of the insurance company’s stock worth $5,582,000 after purchasing an additional 218,369 shares during the period. Tudor Investment Corp Et Al bought a new position in shares of Radian Group in the third quarter valued at approximately $6,735,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Radian Group by 174.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 27,864 shares of the insurance company’s stock worth $700,000 after purchasing an additional 17,713 shares during the period. Institutional investors own 95.33% of the company’s shares.

Radian Group is trading 0.2% lower

Shares of Radian Group opened at $29.28 on Friday. The company has a 50-day moving average of $30.24 and a 200-day moving average of $28.20. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 7.75, a price-to-earnings ratio of 1.81, and a beta of 1.02. Radian Group Inc. has a 12-month low of $22.93 and a 12-month high of $33.69. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35.

Radian Group (NYSE:RDN – Get Free Report) last reported its earnings results on Wednesday, February 7. The insurance company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. The company had revenue of $328.64 million during the quarter, compared to analyst estimates of $319.04 million. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The company’s quarterly revenue increased 4.4% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $1.05. As a group, research analysts predict that Radian Group Inc. will post earnings per share of 3.27 for the current year.

Radian Group increases dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12. A dividend of $0.245 per share was paid to known shareholders on Monday, February 26. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. This represents a dividend of $0.98 annually and a yield of 3.35%. The ex-dividend date of this dividend was Friday, February 23. Radian Group’s Dividend Payout Ratio (DPR) is 25.93%.

Analysts set new price targets

Additionally, Keefe, Bruyette & Woods reiterated a $35.00 price target (previously $36.00) on shares of Radian Group in a research note on Thursday, April 4. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.00.

Check out our latest research report on Radian Group

About Radian Group

(Free report)

Radian Group Inc, together with its subsidiaries, engages in mortgage and real estate services in the United States. It operates through two segments: the Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages and distributes U.S. mortgage credit risk to mortgage lenders and mortgage loan investors through private mortgage insurance on first lien residential mortgages; and other credit risk management solutions, including underwriting.

Also see

Would you like to see which other hedge funds own RDN? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Radian Group Inc. (NYSE:RDN – Free Report).

Quarterly Institutional Ownership for Radian Group (NYSE:RDN)



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