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 the company’s stock in a transaction dated 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 directly owns 344 shares of the company’s stock, valued at approximately $11,231.60. This represents a 92.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Radian Group Stock Performance

Radian Group stock opened at $32.10 on Wednesday. The firm has a 50 day simple moving average of $32.68 and a 200-day simple moving average of $33.89. Radian Group Inc. has a 1-year low of $29.07 and a 1-year high of $37.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.87 and a quick ratio of 2.01. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06.

Radian Group (NYSE:RDN) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.09 earnings per share 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, analysts expect that Radian Group Inc. will post 3.79 EPS for the current year.

Radian Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Monday, February 24th will be paid a $0.255 dividend. This is a boost from Radian Group’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 24th. This represents a $1.02 annualized dividend and a dividend yield of 3.18%. Radian Group’s dividend payout ratio is 25.95%.

Analysts Set New Price Targets

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

Institutional Trading of Radian Group

Several hedge funds have recently made changes to their positions in the company. First Trust Advisors LP boosted its position in shares of Radian Group by 20.6% during the 4th 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 position in shares of Radian Group by 2.7% during the 3rd 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 position in shares of Radian Group by 4.2% during the 4th 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 position in shares of Radian Group by 0.4% during the 3rd 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 position in shares of Radian Group by 7.9% during the 4th 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. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.