Radian Group Inc. (NYSE:RDN) Experiences Lighter than Average Trading Volume

Argent Capital Management LLC decreased its holdings in shares of Radian Group Inc. The stock of Radian Group Inc (NYSE:RDN) has "Buy" rating given on Wednesday, October 28 by Compass Point. The stock now has a consensus rating of "Buy" and an average target price of $20.88.

Radian Group Inc.'s P/E ratio is 21.78 and the market value is 4.08B. The rating was maintained by FBR Capital on Monday, November 2 with "Mkt Perform". Typically, these analysts look at a company's fundamentals, building financial models from this information in order to project future trends, specifically future earnings. Radian is set to announce third quarter result on Oct 26. The company is slated to next publish earnings on or around N/A.

Several other analysts have also issued reports on the company.

Radian Group Inc. had its "overweight" rating reiterated by analysts at Barclays. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Macquarie Research has "Outperform" rating and $16.50 target.

Radian Group (NYSE:RDN) traded up 1.48% on Tuesday, hitting $19.25. 113,150 shares of the stock traded hands. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 22.10 and a beta of 1.51. Volume was down 99.47% under the stocks average daily volume.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Tuesday, August 1st. Radian Group had a return on equity of 12.81% and a net margin of 16.26%. The firm had revenue of $302.91 million during the quarter, compared to analyst estimates of $299.07 million. (NYSE:RDN) moved 0.64% from the open. In the last earnings report the EPS was $0.87 and is expected to be $1.72 for the current year with 215,263,000 shares presently outstanding. (NYSE:RDN) to report EPS of $N/A for the quarter. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright legislation.

Radian Group declared that its board has authorized a share repurchase program on Wednesday, August 9th that allows the company to repurchase $50.00 million in shares.

In other Radian Group news, SVP Catherine Mary Jackson sold 17,130 shares of the business's stock in a transaction dated Tuesday, August 15th. The total value of its holdings decreased 4.9%. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares in the company, valued at $330,800. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The shares were sold at an average price of $17.22, for a total transaction of $294,978.60. The disclosure for this purchase can be found here. Corporate insiders own 1.83% of the company's stock. Institutional investors and hedge funds own 90.02% of the company's stock. The value of the investment in Radian Group Inc. decreased from $1,879,000 to $1,787,000 a change of 4.9% quarter to quarter. Bank of New York Mellon Corp now owns 1,249,441 shares of the insurance provider's stock worth $22,441,000 after buying an additional 58,956 shares during the period. SG Americas Securities LLC boosted its stake in shares of Radian Group by 116.7% in the second quarter. A rating of 1 would be equivalent to a Strong Buy, and a rating of 5 would indicate a Strong Sell rating. California Public Employees Retirement System boosted its stake in shares of Radian Group by 1.3% in the first quarter. The firm owned 27,960 shares of the insurance provider's stock after selling 84,040 shares during the period. Moreover, New Vernon Investment Management Llc has 3.25% invested in the company for 158,000 shares. Finally, Denver Investment Advisors LLC boosted its stake in shares of Radian Group by 35.5% in the second quarter. Parametric Portfolio Associates LLC now owns 388,801 shares of the insurance provider's stock worth $6,983,000 after buying an additional 67,879 shares during the period.

Radian Group Inc.is an insurance holding firm that provides mortgage insurance, and services and products to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services.

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