Investors Purchase High Volume of Radian Group Call Options (RDN)

Radian Group Inc (NYSE:RDN) was the recipient of unusually large options trading activity on Friday. Stock investors bought 2,971 call options on the stock. This is an increase of approximately 1,123% compared to the average daily volume of 243 call options.

Several institutional investors have recently added to or reduced their stakes in RDN. Wealthcare Advisory Partners LLC acquired a new stake in shares of Radian Group in the third quarter worth $110,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Radian Group by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,781 shares of the insurance provider’s stock valued at $127,000 after purchasing an additional 803 shares in the last quarter. Skba Capital Management LLC acquired a new stake in Radian Group during the 2nd quarter valued at $170,000. Zacks Investment Management acquired a new stake in Radian Group during the 2nd quarter valued at $175,000. Finally, ETRADE Capital Management LLC acquired a new stake in Radian Group during the 2nd quarter valued at $183,000. 91.43% of the stock is owned by institutional investors.

RDN has been the subject of several research analyst reports. Wells Fargo & Co initiated coverage on shares of Radian Group in a research report on Tuesday, November 28th. They set a “market perform” rating and a $22.00 price target for the company. Zacks Investment Research raised shares of Radian Group from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, October 10th. ValuEngine raised shares of Radian Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. Deutsche Bank lowered shares of Radian Group from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research report on Friday, November 3rd. Finally, B. Riley reaffirmed a “buy” rating on shares of Radian Group in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $23.28.

Shares of Radian Group (NYSE:RDN) opened at $20.61 on Monday. Radian Group has a 52-week low of $15.58 and a 52-week high of $22.66. The stock has a market cap of $4,550.00, a price-to-earnings ratio of 26.09, a PEG ratio of 2.34 and a beta of 1.54. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Monday, November 27th were given a $0.002 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.04%. The ex-dividend date was Friday, November 24th. Radian Group’s payout ratio is currently 1.27%.

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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.

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