Radian Group Inc. (NYSE:RDN) Short Interest Update

Radian Group Inc. (NYSE:RDN) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 6,310,000 shares, a growth of 25.7% from the October 31st total of 5,020,000 shares. Currently, 4.3% of the company’s stock are sold short. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is presently 6.0 days.

Radian Group Stock Down 0.1 %

Shares of RDN stock traded down $0.05 during trading hours on Monday, reaching $35.74. The company had a trading volume of 1,180,291 shares, compared to its average volume of 1,043,005. Radian Group has a 12 month low of $24.92 and a 12 month high of $37.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.01 and a quick ratio of 2.01. The business has a fifty day simple moving average of $34.46 and a 200-day simple moving average of $33.73. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 1.79 and a beta of 1.04.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, November 6th. The insurance provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. The company had revenue of $319.05 million for the quarter, compared to analyst estimates of $320.30 million. Radian Group had a return on equity of 13.81% and a net margin of 45.96%. On average, research analysts expect that Radian Group will post 4 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a dividend of $0.245 per share. The ex-dividend date is Monday, November 25th. This represents a $0.98 dividend on an annualized basis and a yield of 2.74%. Radian Group’s dividend payout ratio (DPR) is currently 25.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RDN shares. Keefe, Bruyette & Woods raised their price objective on Radian Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays raised their target price on Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.10.

Insider Buying and Selling at Radian Group

In other Radian Group news, insider Derek Brummer sold 35,153 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $35.36, for a total value of $1,243,010.08. Following the completion of the sale, the insider now owns 186,535 shares of the company’s stock, valued at approximately $6,595,877.60. This trade represents a 15.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.16% of the company’s stock.

Institutional Trading of Radian Group

A number of hedge funds have recently bought and sold shares of the business. State Street Corp lifted its holdings in Radian Group by 2.7% during the third quarter. State Street Corp now owns 6,700,279 shares of the insurance provider’s stock worth $232,433,000 after acquiring an additional 177,142 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Radian Group by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,845,740 shares of the insurance provider’s stock worth $202,789,000 after acquiring an additional 121,166 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Radian Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,542,344 shares of the insurance provider’s stock worth $172,365,000 after acquiring an additional 89,363 shares during the period. FMR LLC lifted its holdings in Radian Group by 0.4% during the third quarter. FMR LLC now owns 3,588,237 shares of the insurance provider’s stock worth $124,476,000 after acquiring an additional 12,834 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in Radian Group by 0.8% in the second quarter. Thrivent Financial for Lutherans now owns 3,133,020 shares of the insurance provider’s stock worth $97,437,000 after buying an additional 25,862 shares during the last quarter. 95.33% of the stock is currently owned by 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.