Radian Group Inc (RDN) Short Interest Update

Radian Group Inc (NYSE:RDN) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 4,828,084 shares, a growth of 105.1% from the November 15th total of 2,353,594 shares. Based on an average daily trading volume, of 1,452,771 shares, the short-interest ratio is presently 3.3 days. Approximately 2.3% of the shares of the company are sold short.

Several equities research analysts recently commented on the company. ValuEngine cut Radian Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 7th. FBR & Co reaffirmed a “buy” rating on shares of Radian Group in a research report on Thursday, October 26th. Susquehanna Bancshares set a $22.00 price objective on Radian Group and gave the company a “buy” rating in a research report on Monday, October 16th. BTIG Research reaffirmed a “buy” rating and set a $22.00 price objective on shares of Radian Group in a research report on Sunday, October 15th. Finally, Compass Point reaffirmed a “neutral” rating and set a $21.25 price objective on shares of Radian Group in a research report on Saturday, October 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $22.53.

Shares of Radian Group (NYSE:RDN) opened at $21.51 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. Radian Group has a 12-month low of $15.58 and a 12-month high of $22.66. The company has a market capitalization of $4,670.00, a price-to-earnings ratio of 12.53, a P/E/G ratio of 2.45 and a beta of 1.54.

Radian Group (NYSE:RDN) last released its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The company had revenue of $312.05 million for the quarter, compared to analysts’ expectations of $321.10 million. During the same period last year, the firm posted $0.41 earnings per share. Radian Group’s revenue was down 2.8% compared to the same quarter last year. research analysts predict that Radian Group will post 1.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Monday, November 27th were issued a $0.002 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Friday, November 24th. Radian Group’s dividend payout ratio is 1.27%.

A number of hedge funds have recently bought and sold shares of the business. Amalgamated Bank lifted its holdings in Radian Group by 1.4% in the second quarter. Amalgamated Bank now owns 27,445 shares of the insurance provider’s stock valued at $449,000 after acquiring an additional 376 shares during the period. Teacher Retirement System of Texas lifted its holdings in Radian Group by 2.9% in the second quarter. Teacher Retirement System of Texas now owns 17,291 shares of the insurance provider’s stock valued at $283,000 after acquiring an additional 485 shares during the period. OxFORD Asset Management LLP lifted its holdings in Radian Group by 3.6% in the second quarter. OxFORD Asset Management LLP now owns 15,824 shares of the insurance provider’s stock valued at $259,000 after acquiring an additional 555 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Radian Group by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 166,041 shares of the insurance provider’s stock valued at $2,715,000 after acquiring an additional 766 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Radian Group by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock valued at $127,000 after acquiring an additional 803 shares during the period. 91.43% of the stock is currently owned by institutional investors.

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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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