Radian Group Inc. (NYSE:RDN) Director Sells $133,865.00 in Stock

Radian Group Inc. (NYSE:RDN) Director Gregory Serio sold 4,100 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $32.65, for a total transaction of $133,865.00. Following the completion of the transaction, the director now owns 344 shares of the company’s stock, valued at $11,231.60. This trade represents a 92.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Radian Group Stock Performance

NYSE RDN opened at $31.78 on Thursday. The company has a 50-day simple moving average of $32.68 and a two-hundred day simple moving average of $33.87. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 0.50. Radian Group Inc. has a 12-month low of $29.17 and a 12-month high of $37.86. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 1.73 and a beta of 1.04.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. Radian Group had a net margin of 46.85% and a return on equity of 13.96%. On average, equities analysts forecast that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.21%. This is a positive change from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 24th. Radian Group’s dividend payout ratio is presently 25.95%.

Analysts Set New Price Targets

Several brokerages recently issued reports on RDN. UBS Group upped their target price on shares of Radian Group from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods cut their target price on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Radian Group has a consensus rating of “Hold” and an average target price of $36.80.

Institutional Trading of Radian Group

Institutional investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management boosted its position in Radian Group by 54.3% during the fourth quarter. Picton Mahoney Asset Management now owns 972 shares of the insurance provider’s stock valued at $31,000 after buying an additional 342 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of Radian Group by 61.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,274 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 485 shares during the period. Covestor Ltd boosted its holdings in shares of Radian Group by 35.6% during the fourth quarter. Covestor Ltd now owns 1,351 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 355 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Radian Group by 124.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 1,320 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Radian Group by 735.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,407 shares of the insurance provider’s stock worth $76,000 after purchasing an additional 2,119 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.