Radian Group Sees Unusually High Options Volume (RDN)
Radian Group Inc (NYSE:RDN) was the target of some unusual options trading on Thursday. Investors acquired 1,924 put options on the company. This is an increase of 3,161% compared to the average volume of 59 put options.
Hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC boosted its position in Radian Group by 49.1% during the third quarter. MetLife Investment Advisors LLC now owns 148,319 shares of the insurance provider’s stock worth $3,066,000 after purchasing an additional 48,851 shares in the last quarter. Renaissance Technologies LLC boosted its position in Radian Group by 58.9% during the third quarter. Renaissance Technologies LLC now owns 180,625 shares of the insurance provider’s stock worth $3,734,000 after purchasing an additional 66,955 shares in the last quarter. Quantbot Technologies LP boosted its position in Radian Group by 491.1% during the third quarter. Quantbot Technologies LP now owns 19,552 shares of the insurance provider’s stock worth $404,000 after purchasing an additional 16,244 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Radian Group by 9.0% during the fourth quarter. State of Alaska Department of Revenue now owns 14,124 shares of the insurance provider’s stock worth $231,000 after purchasing an additional 1,167 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Radian Group by 16.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,437 shares of the insurance provider’s stock worth $236,000 after purchasing an additional 2,065 shares in the last quarter. Institutional investors own 93.67% of the company’s stock.
Shares of RDN opened at $20.48 on Friday. Radian Group has a 52 week low of $14.06 and a 52 week high of $21.39. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $4.38 billion, a PE ratio of 7.61, a P/E/G ratio of 1.49 and a beta of 1.60.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 18th were given a dividend of $0.0025 per share. The ex-dividend date was Thursday, February 14th. This represents a $0.01 dividend on an annualized basis and a yield of 0.05%. Radian Group’s dividend payout ratio is currently 0.37%.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Radian Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. ValuEngine raised Radian Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, Barclays set a $21.00 price objective on Radian Group and gave the company a “buy” rating in a report on Friday, December 14th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.50.
About Radian Group
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.
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