Stock Traders Buy High Volume of Put Options on Radian Group (NYSE:RDN)


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Radian Group Inc. (NYSE:RDN) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 593 put options on the stock. This is an increase of approximately 905% compared to the typical volume of 59 put options.

A number of large investors have recently added to or reduced their stakes in RDN. Public Employees Retirement System of Ohio raised its stake in Radian Group by 9.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,376 shares of the insurance provider’s stock worth $190,000 after buying an additional 813 shares during the period. Nisa Investment Advisors LLC lifted its stake in Radian Group by 7.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 16,985 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 1,150 shares in the last quarter. Belvedere Trading LLC boosted its holdings in Radian Group by 6.5% during the 4th quarter. Belvedere Trading LLC now owns 20,342 shares of the insurance provider’s stock worth $412,000 after acquiring an additional 1,249 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Radian Group by 0.5% during the third quarter. California State Teachers Retirement System now owns 290,048 shares of the insurance provider’s stock worth $4,238,000 after purchasing an additional 1,392 shares during the last quarter. Finally, First Command Bank purchased a new stake in Radian Group in the 4th quarter valued at about $30,000. 95.22% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. TheStreet upgraded shares of Radian Group from a “c+” rating to a “b-” rating in a research report on Thursday, November 5th. BTIG Research lowered their price target on Radian Group from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, December 17th. B. Riley raised their price target on shares of Radian Group from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, November 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Radian Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Radian Group currently has an average rating of “Buy” and an average price target of $23.80.

RDN opened at $20.28 on Tuesday. The business’s fifty day simple moving average is $20.68 and its 200 day simple moving average is $18.28. Radian Group has a 52 week low of $9.53 and a 52 week high of $23.73. The firm has a market cap of $3.88 billion, a P/E ratio of 9.94, a PEG ratio of 1.61 and a beta of 1.58. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.37.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 4th. Stockholders of record on Monday, February 22nd will be given a $0.125 dividend. The ex-dividend date is Friday, February 19th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.47%. Radian Group’s payout ratio is 15.58%.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. The company 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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