Samlyn Capital LLC Has $6,417,000 Holdings in Radian Group Inc. (RDN)
Samlyn Capital LLC maintained its position in shares of Radian Group Inc. (NYSE:RDN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,500 shares of the insurance provider’s stock at the end of the second quarter. Samlyn Capital LLC owned 0.18% of Radian Group worth $6,417,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Radian Group by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 1,249,441 shares of the insurance provider’s stock valued at $22,441,000 after purchasing an additional 58,956 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Radian Group by 27.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 139,510 shares of the insurance provider’s stock worth $2,506,000 after buying an additional 30,420 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Radian Group during the 1st quarter worth about $593,000. Parametric Portfolio Associates LLC lifted its stake in shares of Radian Group by 21.2% during the 1st 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 last quarter. Finally, Oxford Asset Management acquired a new stake in shares of Radian Group during the 1st quarter worth about $274,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.
Several brokerages recently commented on RDN. Zacks Investment Research raised shares of Radian Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 28th. BidaskClub cut shares of Radian Group from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. ValuEngine raised shares of Radian Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 7th. Finally, Barclays PLC restated an “overweight” rating and set a $24.00 price objective (down from $25.00) on shares of Radian Group in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Radian Group currently has a consensus rating of “Buy” and an average price target of $20.75.
In other Radian Group news, CEO Richard G. Thornberry bought 5,000 shares of the stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $16.54 per share, with a total value of $82,700.00. Following the acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $330,800. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Catherine Mary Jackson sold 17,130 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $17.22, for a total transaction of $294,978.60. Following the sale, the senior vice president now directly owns 80,720 shares in the company, valued at approximately $1,389,998.40. The disclosure for this sale can be found here. 1.83% of the stock is owned by corporate insiders.
Radian Group Inc. (NYSE RDN) traded up 0.16% during trading on Wednesday, hitting $18.83. 245,978 shares of the company traded hands. Radian Group Inc. has a 12-month low of $12.96 and a 12-month high of $19.87. The company has a market capitalization of $4.05 billion, a P/E ratio of 21.62 and a beta of 1.51. The stock has a 50 day moving average price of $17.41 and a 200 day moving average price of $17.30.
Radian Group (NYSE:RDN) last announced its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.08. Radian Group had a return on equity of 12.81% and a net margin of 16.26%. The company had revenue of $302.91 million during the quarter, compared to analyst estimates of $299.07 million. During the same quarter last year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts anticipate that Radian Group Inc. will post $1.72 earnings per share for the current year.
Radian Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 9th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the insurance provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
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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