CrestPoint Capital Management LLC Sells 8,600 Shares of Radian Group Inc (RDN)

CrestPoint Capital Management LLC decreased its stake in Radian Group Inc (NYSE:RDN) by 21.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,200 shares of the insurance provider’s stock after selling 8,600 shares during the period. CrestPoint Capital Management LLC’s holdings in Radian Group were worth $643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in Radian Group by 17.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,133,761 shares of the insurance provider’s stock valued at $18,537,000 after acquiring an additional 170,419 shares in the last quarter. Legal & General Group Plc raised its stake in Radian Group by 19.5% during the 2nd quarter. Legal & General Group Plc now owns 99,637 shares of the insurance provider’s stock valued at $1,628,000 after acquiring an additional 16,234 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 acquiring an additional 803 shares in the last quarter. Principal Financial Group Inc. raised its stake in Radian Group by 3.5% during the 2nd quarter. Principal Financial Group Inc. now owns 26,881 shares of the insurance provider’s stock valued at $440,000 after acquiring an additional 904 shares in the last quarter. Finally, Swiss National Bank raised its stake in Radian Group by 1.4% during the 2nd quarter. Swiss National Bank now owns 359,650 shares of the insurance provider’s stock valued at $5,880,000 after acquiring an additional 5,000 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Radian Group Inc (NYSE:RDN) remained flat at $$22.13 during midday trading on Wednesday. The company’s stock had a trading volume of 1,039,900 shares, compared to its average volume of 1,394,680. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $4,770.46, a price-to-earnings ratio of 28.37, a PEG ratio of 1.92 and a beta of 1.57. Radian Group Inc has a one year low of $15.58 and a one year high of $22.82.

Radian Group (NYSE:RDN) last issued its earnings results on Thursday, October 26th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. The business had revenue of $312.05 million for the quarter, compared to analysts’ expectations of $321.10 million. Radian Group had a return on equity of 12.99% and a net margin of 14.88%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. equities research analysts forecast that Radian Group Inc will post 1.75 earnings per share for the current fiscal year.

RDN has been the topic of several research analyst reports. Royal Bank of Canada initiated coverage on Radian Group in a research report on Wednesday, December 20th. They set an “outperform” rating and a $26.00 price target on the stock. Zacks Investment Research cut Radian Group from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Compass Point upgraded Radian Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.75 to $24.75 in a research report on Friday, October 27th. ValuEngine upgraded Radian Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. Finally, B. Riley reiterated 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, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $23.89.

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

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