State Of New Jersey Common Pension Fund D Upped Its Netflix (NFLX) Holding; Radian Group (RDN)’s Sentiment Is 1.14

December 11, 2017 - By Henry Gaston

Radian Group Inc., through its subsidiaries, provides mortgage and real estate services and products in the United States. The company has market cap of $4.85 billion. It operates through two divisions, Mortgage Insurance and Services. It has a 28.33 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.

State Of New Jersey Common Pension Fund D increased Netflix Inc (NFLX) stake by 500% reported in 2017Q2 SEC filing. State Of New Jersey Common Pension Fund D acquired 300,000 shares as Netflix Inc (NFLX)’s stock rose 10.41%. The State Of New Jersey Common Pension Fund D holds 360,000 shares with $53.79M value, up from 60,000 last quarter. Netflix Inc now has $81.25B valuation. The stock decreased 0.42% or $0.79 during the last trading session, reaching $187.75. About 2.61 million shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since December 11, 2016 and is uptrending. It has outperformed by 58.64% the S&P500.

State Of New Jersey Common Pension Fund D decreased Devon Energy Corp New (NYSE:DVN) stake by 115,000 shares to 220,000 valued at $7.03M in 2017Q2. It also reduced Ingersoll (NYSE:IR) stake by 10,000 shares and now owns 90,000 shares. Clean Energy Fuels Corp (NASDAQ:CLNE) was reduced too.

Among 54 analysts covering Netflix (NASDAQ:NFLX), 37 have Buy rating, 2 Sell and 15 Hold. Therefore 69% are positive. Netflix had 202 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, September 1 by Vetr. Raymond James maintained the shares of NFLX in report on Tuesday, September 1 with “Buy” rating. Nomura maintained the stock with “Buy” rating in Tuesday, July 19 report. Canaccord Genuity maintained it with “Buy” rating and $225.0 target in Monday, October 9 report. On Tuesday, July 19 the stock rating was downgraded by UBS to “Neutral”. The rating was maintained by Bernstein with “Underperform” on Tuesday, July 19. BMO Capital Markets maintained Netflix, Inc. (NASDAQ:NFLX) on Monday, September 11 with “Hold” rating. Mizuho upgraded Netflix, Inc. (NASDAQ:NFLX) rating on Tuesday, January 17. Mizuho has “Buy” rating and $152 target. The stock has “Buy” rating by RBC Capital Markets on Friday, June 16. The rating was maintained by Cantor Fitzgerald on Tuesday, July 19 with “Buy”.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.10, from 1.22 in 2017Q1. It worsened, as 64 investors sold NFLX shares while 222 reduced holdings. 93 funds opened positions while 256 raised stakes. 344.96 million shares or 1.00% less from 348.44 million shares in 2017Q1 were reported. Invesco owns 3.89M shares. Scotia Cap reported 15,344 shares. Magnetar Fin Ltd Liability Company reported 0.03% stake. Pictet Asset Mngmt Ltd holds 0.29% or 576,973 shares. Caxton Assoc Lp invested in 2,400 shares or 0% of the stock. Peak6 LP reported 187,649 shares. Intrust State Bank Na reported 0.07% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Gulf Intll State Bank (Uk) Ltd invested in 0.28% or 133,702 shares. Chicago Equity Prns Ltd Limited Liability Company owns 102,415 shares for 0.41% of their portfolio. Northwestern Mutual Wealth Management stated it has 0.04% of its portfolio in Netflix, Inc. (NASDAQ:NFLX). Shelton Mgmt has 36,790 shares. Clearbridge Ltd Liability Com invested 0% in Netflix, Inc. (NASDAQ:NFLX). Tradewinds Mngmt Limited Liability Corp stated it has 150 shares. 4,736 are held by Tokio Marine Asset Limited. Da Davidson And invested in 0.02% or 5,024 shares.

The stock increased 1.19% or $0.27 during the last trading session, reaching $22.5. About 545,745 shares traded. Radian Group Inc. (RDN) has risen 38.09% since December 11, 2016 and is uptrending. It has outperformed by 21.39% the S&P500.

Ratings analysis reveals 100% of Radian Group’s analysts are positive. Out of 2 Wall Street analysts rating Radian Group, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. RDN was included in 2 notes of analysts from October 17, 2016. The rating was initiated by Bank of America on Monday, October 17 with “Buy”. The stock of Radian Group Inc. (NYSE:RDN) has “Outperform” rating given on Monday, February 13 by FBR Capital.

Analysts await Radian Group Inc. (NYSE:RDN) to report earnings on January, 25. They expect $0.44 EPS, up 7.32% or $0.03 from last year’s $0.41 per share. RDN’s profit will be $94.82 million for 12.78 P/E if the $0.44 EPS becomes a reality. After $0.46 actual EPS reported by Radian Group Inc. for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.

Capital Returns Management Llc holds 8.88% of its portfolio in Radian Group Inc. for 1.53 million shares. Bruni J V & Co Co owns 2.40 million shares or 7.49% of their US portfolio. Moreover, New Vernon Investment Management Llc has 3.25% invested in the company for 158,000 shares. The Connecticut-based Westport Asset Management Inc has invested 2.11% in the stock. Sadoff Investment Management Llc, a Wisconsin-based fund reported 972,260 shares.

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