Institutional Investors Lead Shift in Radian Group Inc (NYSE:RDN) Sentiment

July 21, 2018 - By Russell Jones

Radian Group Inc. (NYSE:RDN) Logo

Sentiment for Radian Group Inc (NYSE:RDN)

Radian Group Inc (NYSE:RDN) institutional sentiment decreased to 0.88 in Q1 2018. Its down -0.06, from 0.94 in 2017Q4. The ratio fall, as 100 funds increased or started new holdings, while 113 sold and reduced their stakes in Radian Group Inc. The funds in our partner’s database now have: 196.45 million shares, down from 197.95 million shares in 2017Q4. Also, the number of funds holding Radian Group Inc in their top 10 holdings increased from 1 to 2 for an increase of 1. Sold All: 30 Reduced: 83 Increased: 68 New Position: 32.

Radian Group Inc., through its subsidiaries, provides mortgage and real estate services and products in the United States. The company has market cap of $3.85 billion. It operates through two divisions, Mortgage Insurance and Services. It has a 24.8 P/E ratio. The Mortgage Insurance segment offers credit-related insurance coverage, principally through private mortgage insurance that protects mortgage lenders and third-party beneficiaries by mitigating default-related losses on residential mortgage loans made to home buyers, as well as facilitates the sale of these mortgage loans in the secondary mortgage market.

The stock increased 0.62% or $0.11 during the last trading session, reaching $17.93. About 1.20 million shares traded. Radian Group Inc. (NYSE:RDN) has declined 1.41% since July 21, 2017 and is downtrending. It has underperformed by 13.98% the S&P500.

Analysts await Radian Group Inc. (NYSE:RDN) to report earnings on August, 7. They expect $0.60 earnings per share, up 25.00 % or $0.12 from last year’s $0.48 per share. RDN’s profit will be $128.77M for 7.47 P/E if the $0.60 EPS becomes a reality. After $0.59 actual earnings per share reported by Radian Group Inc. for the previous quarter, Wall Street now forecasts 1.69 % EPS growth.

Bruni J V & Co Co holds 7.56% of its portfolio in Radian Group Inc. for 2.30 million shares. Teewinot Capital Advisers L.L.C. owns 478,398 shares or 3.23% of their US portfolio. Moreover, New Vernon Investment Management Llc has 2.81% invested in the company for 123,246 shares. The Connecticut-based Westport Asset Management Inc has invested 2.03% in the stock. Sadoff Investment Management Llc, a Wisconsin-based fund reported 995,025 shares.

Since January 1, 0001, it had 4 insider buys, and 1 insider sale for $483,285 activity.

Radian Group Inc. (NYSE:RDN) Ratings Coverage

Ratings analysis reveals 64% of Radian Group’s analysts are positive. Out of 11 Wall Street analysts rating Radian Group, 7 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $1900 while the high is $31. The stock’s average target of $23.86 is 33.07% above today’s ($17.93) share price. RDN was included in 13 notes of analysts from February 2, 2018. The stock of Radian Group Inc. (NYSE:RDN) has “Neutral” rating given on Tuesday, April 10 by B. Riley & Co. The stock of Radian Group Inc. (NYSE:RDN) earned “Buy” rating by BTIG Research on Thursday, February 1. The company was maintained on Friday, April 27 by Compass Point. Keefe Bruyette & Woods maintained Radian Group Inc. (NYSE:RDN) rating on Tuesday, April 10. Keefe Bruyette & Woods has “Buy” rating and $2600 target. The stock has “Hold” rating by Wells Fargo on Tuesday, March 13. The firm has “Overweight” rating given on Friday, February 2 by Barclays Capital. Susquehanna maintained the shares of RDN in report on Tuesday, April 10 with “Buy” rating. Deutsche Bank maintained it with “Buy” rating and $25.5 target in Tuesday, April 10 report. The stock has “Hold” rating by RBC Capital Markets on Tuesday, April 10. The firm has “Overweight” rating given on Wednesday, April 11 by Barclays Capital.

Radian Group Inc. (NYSE:RDN) Institutional Positions Chart

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