SG Americas Securities LLC Purchases 81,431 Shares of Radian Group Inc (RDN)

SG Americas Securities LLC raised its position in shares of Radian Group Inc (NYSE:RDN) by 675.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,485 shares of the insurance provider’s stock after purchasing an additional 81,431 shares during the quarter. SG Americas Securities LLC’s holdings in Radian Group were worth $1,932,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RDN. Sei Investments Co. grew its stake in shares of Radian Group by 0.7% during the 2nd quarter. Sei Investments Co. now owns 477,155 shares of the insurance provider’s stock valued at $7,740,000 after acquiring an additional 3,235 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Radian Group by 23.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 17,529 shares of the insurance provider’s stock valued at $945,000 after acquiring an additional 3,361 shares during the period. Court Place Advisors LLC grew its stake in shares of Radian Group by 13.5% during the 3rd quarter. Court Place Advisors LLC now owns 29,500 shares of the insurance provider’s stock valued at $610,000 after acquiring an additional 3,500 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Radian Group by 11.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 36,471 shares of the insurance provider’s stock valued at $592,000 after acquiring an additional 3,661 shares during the period. Finally, Strs Ohio grew its stake in shares of Radian Group by 16.3% during the 3rd quarter. Strs Ohio now owns 27,800 shares of the insurance provider’s stock valued at $574,000 after acquiring an additional 3,900 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.

NYSE RDN opened at $18.40 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 1.53. Radian Group Inc has a 12 month low of $14.06 and a 12 month high of $23.49. The company has a market capitalization of $3.93 billion, a P/E ratio of 7.36, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. Radian Group had a return on equity of 17.34% and a net margin of 37.56%. The company had revenue of $330.70 million for the quarter, compared to analysts’ expectations of $334.59 million. During the same period in the previous year, the firm earned $0.46 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts forecast that Radian Group Inc will post 2.66 earnings per share for the current year.

Radian Group declared that its board has approved a share buyback program on Thursday, August 16th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the insurance provider to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Monday, November 26th will be issued a $0.0025 dividend. The ex-dividend date is Friday, November 23rd. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. Radian Group’s dividend payout ratio is presently 0.55%.

A number of research analysts recently issued reports on the company. Bank of America boosted their price objective on Radian Group from $13.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, August 13th. ValuEngine downgraded Radian Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. B. Riley boosted their price objective on Radian Group from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Finally, Compass Point set a $26.00 price objective on Radian Group and gave the company a “buy” rating in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Radian Group currently has a consensus rating of “Buy” and a consensus price target of $23.36.

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Radian Group Company Profile

Radian Group Inc, through its subsidiaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance, as well as other credit risk management solutions to mortgage lending institutions; and primary mortgage insurance coverage on residential first-lien mortgage loans.

See Also: Risk Tolerance

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Institutional Ownership by Quarter for Radian Group (NYSE:RDN)

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