Insider Selling: Radian Group Inc. (NYSE:RDN) Director Sells 4,100 Shares of Stock

Radian Group Inc. (NYSE:RDN) Director Gregory Serio sold 4,100 shares of Radian Group stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $32.65, for a total transaction of $133,865.00. Following the sale, the director now owns 344 shares in the company, valued at $11,231.60. This represents a 92.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Radian Group Stock Up 0.4 %

RDN stock opened at $33.04 on Tuesday. Radian Group Inc. has a twelve month low of $28.98 and a twelve month high of $37.86. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $4.79 billion, a P/E ratio of 8.41, a PEG ratio of 1.73 and a beta of 1.06. The firm has a 50 day simple moving average of $32.65 and a 200-day simple moving average of $33.90.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 research analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Monday, February 24th. This is an increase from Radian Group’s previous quarterly dividend of $0.25. Radian Group’s payout ratio is currently 25.95%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RDN shares. Keefe, Bruyette & Woods dropped their price objective on shares of Radian Group from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. UBS Group raised their price target 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.80.

Hedge Funds Weigh In On Radian Group

A number of hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its holdings in Radian Group by 20.6% in the fourth quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider’s stock worth $341,505,000 after purchasing an additional 1,836,020 shares during the period. State Street Corp boosted its holdings in Radian Group by 2.7% in the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock worth $232,433,000 after purchasing an additional 177,142 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Radian Group by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider’s stock worth $193,307,000 after purchasing an additional 248,423 shares during the period. FMR LLC boosted its holdings in Radian Group by 0.4% in the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock worth $124,476,000 after purchasing an additional 12,834 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Radian Group by 7.9% in the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider’s stock worth $106,305,000 after purchasing an additional 245,303 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

About Radian Group

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.