Radian Group (RDN) to Repurchase $50.00 million in Outstanding Stock

Rufina Vignone
Agosto 16, 2017

Regions Fin has invested 0.04% in Radian Group Inc (NYSE:RDN). Sell-side analyst recommendations point to a short term price target of $155.04 on the company shares. MCF Advisors LLC owned approximately 0.14% of Radian Group worth $4,965,000 at the end of the most recent quarter. Bank of Montreal Can raised its position in shares of Radian Group by 63.1% in the first quarter. Sadoff Investment Management LLC now owns 972,260 shares of the insurance provider's stock worth $15,896,000 after buying an additional 11,550 shares during the last quarter. State Street Corp now owns 7,682,263 shares of the insurance provider's stock worth $137,976,000 after buying an additional 524,837 shares in the last quarter.

Shares of Radian Group Inc. The 1832 Asset Management Lp holds 76,500 shares with $1.18M value, up from 32,500 last quarter. Teacher Retirement System of Texas boosted its stake in Radian Group by 2.9% in the second quarter. Vanguard Group Inc. now owns 18,116,304 shares of the insurance provider's stock worth $296,201,000 after buying an additional 859,950 shares in the last quarter. Investors who are able to sift through the noise and stick to a sturdy stock picking plan, may be in a much better position when tough portfolio decisions need to be made. Radian Group has a 1 year low of $12.83 and a 1 year high of $19.87. the company has 50 Day SMA price of $17.18 and a two hundred day SMA of $17.69. (RDN) traded up 1.05% on Monday, reaching $17.27. Based on an average daily volume of 1,990,395 shares, the days-to-cover ratio is now 1.2 days. Radian Group Inc. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 19.83 and a beta of 1.61. The firm has a 50-day moving average of $17.21 and a 200 day moving average of $17.67.

Shares of Radian Group (RDN) traded down 0.87% on Tuesday, hitting $17.09. The insurance provider reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.08. Radian Group had a negative net margin of 9.03% and a negative return on equity of 3.76%. The business had revenue of $302.91 million for the quarter, compared to analysts' expectations of $299.07 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company's revenue for the quarter was up 4.9% compared to the same quarter past year. On average, equities analysts predict that Radian Group will post $1.72 EPS for the current year.

Radian Group declared that its board has initiated a share repurchase program on Wednesday, August 9th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

As of late the company also announced a periodic dividend, expected to be paid on early Fri, Sep 1st. (NYSE:RDN) shareholders before Aug 17, 2017 will receive the $0.00 dividend. The ex-dividend date is Thurs, Aug 17th. This represents a $0.01 annualized dividend and a dividend yield of 0.06%. FBR Capital maintained Radian Group Inc (NYSE:RDN) on Friday, July 29 with "Outperform" rating. The legal version of this piece can be read at https://stocknewstimes.com/2017/08/15/dalton-greiner-hartman-maher-co-has-23-20-million-stake-in-radian-group-inc-rdn-updated-updated-updated.html. "(RDN)" was first posted by Rincon Hill News and is owned by of Rincon Hill News. If you are viewing this piece on another publication, it was stolen and republished in violation of global copyright and trademark law.

Many investment analysts have quite recently commented on RDN Stocks. Finally, BidaskClub raised shares of Radian Group from a "sell" rating to a "hold" rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Radian Group from a "strong sell" rating to a "hold" rating in a research report on Wednesday, June 28th. Keefe, Bruyette & Woods reissued a "buy" rating and set a $21.00 price objective on shares of Radian Group in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. FMR has an ownership of 19,336,037 stocks of the insurance provider's shares valued at $347,275,000 after scooping up an extra 59,116 shares through out the previous quarter, Vanguard Group raised its stake in Radian Group by 5.3% in the Q1.

Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries.

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