Published: Thu, December 28, 2017
Business | By Tara Barton

Wells Fargo & Company MN Trims Stake in Radian Group Inc (NYSE:RDN)


The stock has a market capitalization of $3.66 billion, a PE ratio of 11.93 and a beta of 1.75. The firm offers universal infrared and radio frequency remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions, which enable devices, such as televisions, set-top boxes, stereos, smart phones, tablets, gaming controllers, and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services to control and deliver digital entertainment and information. Citadel Advisors Llc sold 28,400 shares as Radian Group Inc (Put) (RDN)'s stock declined 13.37%. The Pioneer Investment Management Inc holds 2.26 million shares with $42.32M value, down from 2.34 million last quarter. Compass Point maintained Radian Group Inc. RDN has diverse figures for different time frames; starting from week's performance it has negative performance of -2.24% in last five regular trading sessions. Trading was heavy with 2,872,034 shares changed hands by the end of trading on Friday. Radian Group Inc. (NYSE:RDN) has risen 38.09% since December 26, 2016 and is uptrending. It has outperformed by 21.39% the S&P500. After having $0.46 EPS previously, Radian Group Inc.'s analysts see -4.35% EPS growth. (NYSE:RDN) to report $0.44 EPS on January, 25.They anticipate $0.03 EPS change or 7.32 % from last quarter's $0.41 EPS. During the same quarter in the previous year, the firm posted $0.37 EPS. RDN's profit would be $94.86M giving it 12.14 P/E if the $0.44 EPS is correct. The insurance provider reported $0.37 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.43 by $0.06.

Citadel Advisors Llc increased Proshares Tr (Call) (QLD) stake by 27,300 shares to 47,500 valued at $3.05M in 2017Q3. 22,518 were reported by Lombard Odier Asset Management (Switzerland). Actuant Corp (NYSE:ATU) was raised too.

Capital World Investors now owns 4,930,000 shares of the insurance provider's stock valued at $80,606,000 after purchasing an additional 1,475,000 shares in the last quarter. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.34. It dropped, as 21 investors sold Radian Group Inc. shares while 73 reduced holdings. Wells Fargo & Company MN owned 1.49% of Radian Group worth $60,084,000 at the end of the most recent reporting period. Strs Ohio owns 88,100 shares. Alliancebernstein Ltd Partnership has invested 0.01% of its portfolio in Radian Group Inc. (NYSE:RDN). Balyasny Asset Mngmt Ltd Liability holds 276,668 shares or 0.02% of its portfolio. (NYSE:RDN). Rhumbline Advisers, Massachusetts-based fund reported 291,455 shares. Teacher Retirement Systems Of Texas invested in 17,780 shares or 0% of the stock. (NYSE:RDN). First Personal Financial Service accumulated 928 shares or 0% of the stock.

Radian Group Inc. (RDN) has an annual dividend of $0.01, while its annual dividend yield is 0.05%.

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Radian Group (NYSE:RDN) last issued its earnings results on Thursday, October 26th. (NYSE:RDN). Pacad Investment Ltd accumulated 4,500 shares. Denver Inv Advisors Limited Liability Company invested 1.33% of its portfolio in Radian Group Inc. The company now has an average volume of 1.53 Million. (NYSE:RDN). Burney has invested 0.02% of its portfolio in Radian Group Inc. (NYSE:RDN) for 26,961 shares. Radian Group has an average rating of Buy and an average target price of $20.88. Vaughan Nelson Investment Management L.P. grew its position in shares of Radian Group by 27.8% during the third quarter. Therefore 82% are positive. Radian Group had 34 analyst reports since August 31, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with "Market Perform" on Thursday, December 22. Radian Group has a 52 week low of $9.29 and a 52 week high of $19.87. The ex-dividend date was Friday, November 24th. The company was upgraded on Thursday, June 30 by FBR Capital. (NYSE:RDN) earned "Outperform" rating by Macquarie Research on Wednesday, October 28. As per Wednesday, August 16, the company rating was maintained by Bank of America. The company was maintained on Monday, May 2 by Credit Suisse. The company was maintained on Monday, September 4 by Keefe Bruyette & Woods. (RDN) is 18.85 percent while its Performance (Week) is -0.93 percent and Performance (month) is at 2.84 percent.

Since August 15, 2017, it had 0 insider buys, and 1 insider sale for $294,985 activity. Barclays Capital maintained Radian Group Inc. Jackson Catherine Mary had sold 17,130 shares worth $294,985 on Tuesday, August 15.

Since August 7, 2017, it had 0 insider purchases, and 11 selling transactions for $90.94 million activity.

Among 27 analysts covering Advance Auto Parts Inc. Vanguard Group Inc. grew its position in Radian Group by 5.0% during the second quarter. Meeder Asset holds 4,243 shares or 0.01% of its portfolio. Granite Investment Partners Llc owns 272,897 shares or 1.08% of their United States portfolio. Swiss Comml Bank stated it has 0.01% in Radian Group Inc. The New Jersey-based Princeton Capital Management Inc has invested 0.87% in the stock. Axa reported 76,200 shares stake. The stock increased 0.80% or $1.21 during the last trading session, reaching $151.81. About 609,642 shares traded.

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