Calamos Advisors LLC Takes Position in Radian Group Inc (NYSE:RDN)

Calamos Advisors LLC purchased a new stake in shares of Radian Group Inc (NYSE:RDN) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 18,660 shares of the insurance provider’s stock, valued at approximately $426,000.

A number of other large investors have also recently modified their holdings of RDN. Bessemer Group Inc. bought a new position in Radian Group during the 2nd quarter valued at about $87,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Radian Group by 19.5% during the 2nd 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 during the last quarter. Cerebellum GP LLC bought a new position in Radian Group during the 3rd quarter valued at about $120,000. NN Investment Partners Holdings N.V. grew its holdings in Radian Group by 39.1% during the 2nd 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 during the last quarter. Finally, Creative Planning bought a new position in Radian Group during the 2nd quarter valued at about $224,000. Institutional investors own 93.88% of the company’s stock.

Shares of RDN stock opened at $24.80 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market capitalization of $5.01 billion, a P/E ratio of 9.22, a P/E/G ratio of 1.67 and a beta of 1.39. The company’s 50-day simple moving average is $23.36 and its two-hundred day simple moving average is $23.05. Radian Group Inc has a one year low of $14.77 and a one year high of $25.08.

Radian Group (NYSE:RDN) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.10. The business had revenue of $394.96 million for the quarter, compared to the consensus estimate of $352.77 million. Radian Group had a net margin of 43.66% and a return on equity of 17.68%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. On average, research analysts expect that Radian Group Inc will post 2.95 EPS for the current fiscal year.

Several equities analysts recently commented on RDN shares. 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. B. Riley set a $27.00 price target on shares of Radian Group and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, ValuEngine downgraded shares of Radian Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $27.14.

Radian Group 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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