Meeder Asset Management Inc. Acquires 13,050 Shares of Radian Group Inc (NYSE:RDN)

Meeder Asset Management Inc. raised its holdings in shares of Radian Group Inc (NYSE:RDN) by 23.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,848 shares of the insurance provider’s stock after purchasing an additional 13,050 shares during the period. Meeder Asset Management Inc.’s holdings in Radian Group were worth $1,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. bought a new position in shares of Radian Group during the second quarter valued at approximately $87,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Radian Group by 19.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,103 shares of the insurance provider’s stock valued at $94,000 after purchasing an additional 669 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Radian Group during the third quarter valued at approximately $120,000. NN Investment Partners Holdings N.V. increased its stake in shares of Radian Group by 39.1% during the second quarter. NN Investment Partners Holdings N.V. now owns 8,538 shares of the insurance provider’s stock valued at $196,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Creative Planning bought a new position in shares of Radian Group during the second quarter valued at approximately $224,000. 93.90% of the stock is owned by institutional investors and hedge funds.

NYSE:RDN opened at $23.82 on Friday. The company’s 50 day moving average price is $23.14 and its 200-day moving average price is $22.97. Radian Group Inc has a 52 week low of $14.77 and a 52 week high of $24.62. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 1.60 and a beta of 1.39.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. Radian Group had a net margin of 43.66% and a return on equity of 17.68%. The firm had revenue of $394.96 million for the quarter, compared to analysts’ expectations of $352.77 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Radian Group Inc will post 2.95 earnings per share for the current year.

RDN has been the subject of a number of analyst reports. B. Riley set a $27.00 target price on shares of Radian Group and gave the company a “hold” rating in a research note on Friday, August 2nd. ValuEngine cut shares of Radian Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. BTIG Research reiterated a “buy” rating and set a $29.00 price target on shares of Radian Group in a report on Thursday, August 1st. Finally, Barclays reiterated a “buy” rating and set a $27.00 price target on shares of Radian Group in a report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Radian Group currently has a consensus rating of “Hold” and a consensus price target of $27.14.

Radian Group Company Profile

Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.

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

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